Escorts Kubota Limited: GST Demand of ₹43.26 Cr Dropped by Tamil Nadu Tax Officer
Escorts Kubota Limited has received a significant update regarding a Goods and Services Tax (GST) dispute. Previously, on May 08, 2025, the company had disclosed receiving Show Cause Notices (SCN) fro...
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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 received a favorable order from the tax authorities, dropping a significant tax demand, which is a positive development.
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Escorts Kubota Limited: GST Demand of ₹43.26 Cr Dropped by Tamil Nadu Tax Officer
December 30, 2025, 06:44 AM
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Escorts Kubota Limited has received a significant update regarding a Goods and Services Tax (GST) dispute. Previously, on May 08, 2025, the company had disclosed receiving Show Cause Notices (SCN) from the State Tax Officer of GST, Chennai, Tamil Nadu. These notices proposed tax demands, along with interest and penalties, for the Financial Years 2018-19 to 2023-24.
The company had contested these notices, arguing that the GST department had incorrectly classified agricultural tractors as road tractors and had wrongly computed the alleged taxes on the total GST turnover instead of only the turnover of tractors. This contention has now led to a favorable outcome.
In a recent development, the State Tax Officer, Mandaveli Assessment Circle, Chennai, Tamil Nadu, has passed an order dropping the tax demand of ₹43,25,58,315 (approximately ₹43.26 Crores) along with applicable interest and penalty for the Financial Year 2018-19. The event occurred on December 29, 2025, at 06:17 PM (IST). This resolution is expected to have no material financial impact on the company.
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