Reliance Industries has received an order from the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of ₹1.11 crore. The penalty relates to an alleged incorrect availment of input tax credit. The company intends to file an appeal against the order. The financial impact is limited to the penalty amount, with no anticipated impact on operations.
Penalty for Input Tax Credit
Reliance Industries has received an order dated December 23, 2025, from the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of ₹1.11 crore. The order relates to alleged incorrect availment of input tax credit.
Response and Impact
The company intends to file an appeal against the order. According to the company’s assessment, the financial impact of the order is limited to the extent of the penalty levied, and there is no impact on operations or other activities of the Company due to the Order. The intimation of the order was received on December 23, 2025.
Source: BSE