Deepak Fertilisers receives ₹5.28 Cr penalty order for FY21-22; to challenge
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has received an order from the Deputy Commissioner of State Tax, Nodal -3, Pune, imposing a total demand of ₹5,28,43,772 for the ...
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Why is Deepak Fertilizers and Petrochemicals Corporation Limited in the news today?
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) is in the news due to the company has received a penalty order and interest demand from the tax authorities, which is a negative development.
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Deepak Fertilisers receives ₹5.28 Cr penalty order for FY21-22; to challenge
December 31, 2025, 09:51 AM
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More Details on This News
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has received an order from the Deputy Commissioner of State Tax, Nodal -3, Pune, imposing a total demand of ₹5,28,43,772 for the Financial Year 2021-22. The demand includes tax of ₹2,56,47,826, interest of ₹2,46,31,163, and a penalty of ₹25,64,783.
The company received the order via email on December 30th, 2025, around 17:37 hours. The department's action is based on disallowing input tax credit claimed by the company, citing non-reflection in GSTR2A and ineligibility of the credit.
Deepak Fertilisers stated that there is no violation or contravention committed. The company has taken a legal view that the demand is not tenable and is liable to be set aside in appeal. Consequently, the company intends to challenge the order at an appropriate forum. The company has also confirmed that there is no material impact on its financials, operations, or other activities. The information will be made available on the company's website, www.dfpcl.com.
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