CEAT Limited Receives GST Orders Demanding ₹11.12 Crore Plus Penalties and Interest
CEAT Limited has disclosed receipt of orders from tax authorities regarding Goods and Services Tax (GST) demands. The Assistant Commissioner, CGST Division, Connaught Place, Delhi, has upheld a demand...
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Why is CEAT Limited in the news today?
CEAT Limited (CEATLTD) is in the news due to the company has received orders demanding significant amounts for alleged gst violations, including penalties and interest, which is a negative development.
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CEAT Limited Receives GST Orders Demanding ₹11.12 Crore Plus Penalties and Interest
December 31, 2025, 04:07 PM
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CEAT Limited has disclosed receipt of orders from tax authorities regarding Goods and Services Tax (GST) demands. The Assistant Commissioner, CGST Division, Connaught Place, Delhi, has upheld a demand of ₹0.35 crore for the Financial Year 2020-21, along with a penalty of ₹0.35 crore and applicable interest, due to alleged wrong availment and utilization of input tax credit.
Additionally, the Deputy Commissioner of State Tax, Audit Branch Zone II, Mumbai, has upheld a demand of ₹10.77 crore for the Financial Year 2021-22, along with a penalty of ₹1.07 crore and applicable interest. This pertains to alleged wrong declaration and claim of Reverse Charge Mechanism (RCM) input tax credit and disallowed input tax credit due to ineligibility.
Communication regarding both orders was received by authorized officers on December 31, 2025. CEAT Limited is exploring the option of preferring an appeal for both matters. The company believes there is no material impact on its financials, operations, or other activities, except to the extent of these orders.
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