Escorts Kubota faces ₹1.76 Cr tax demand with ₹1.46 Cr interest, ₹17.6 Lakh penalty
Escorts Kubota Limited has disclosed that the Assistant Commissioner of State Tax, Pune South, Maharashtra, has passed an order confirming a tax demand of ₹1,76,29,853/-, along with interest of ₹1,46,...
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Why is Escorts Kubota Limited in the news today?
Escorts Kubota Limited (ESCORTS) is in the news due to the company has been served with a significant tax demand, interest, and penalty, which is a negative development.
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Escorts Kubota faces ₹1.76 Cr tax demand with ₹1.46 Cr interest, ₹17.6 Lakh penalty
December 30, 2025, 06:55 AM
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Escorts Kubota Limited has disclosed that the Assistant Commissioner of State Tax, Pune South, Maharashtra, has passed an order confirming a tax demand of ₹1,76,29,853/-, along with interest of ₹1,46,58,378/- and a penalty of ₹17,62,985/-. This order pertains to the eligibility of Input Tax Credit.
The company has stated its intention to file an appeal before the appellate authority against this order.
The event, which is the passing of the order by the Assistant Commissioner, occurred on December 29, 2025, at 05:21 P.M. (IST). The disclosure is made in compliance with Regulation 30 read with Para A (20) of Schedule III of the SEBI Listing Regulations.
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