Mahindra Logistics Limited has received an order from the State Tax Officer, GST, Ranchi-South, Jharkhand, imposing a penalty of ₹2,04,425.35. This penalty is related to GST assessment for FY 2021-2022 under the Jharkhand GST Act 2017, CGST Act 2017, and IGST Act 2017, concerning an alleged excess Input Tax Credit claimed by the company. The order also directs the company to pay a tax demand of ₹20,44,253.48 and interest of ₹12,78,302.51, which will be accounted for as contingent liabilities in the financial statements. The company, based on its assessment, prevailing law, and legal counsel's advice, is optimistic about a favorable outcome at the next adjudicating authority or tribunal level. Mahindra Logistics does not anticipate any material financial impact on its operations or financials due to this order. The company received this order via email on December 31, 2025, at 16:39 IST.
