RCF Faces ₹8.58 Crore Tax Demand, Penalty, and Interest from GST Department
Rashtriya Chemicals and Fertilizers Limited (RCF) has been served with an order from the Joint Commissioner, GST Mumbai, imposing a tax demand, penalty, and interest totaling ₹8,57,99,275 (8 crore 57 ...
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Why is Rashtriya Chemicals and Fertilizers Limited in the news today?
Rashtriya Chemicals and Fertilizers Limited (RCF) is in the news due to the company has been served with a significant tax demand, penalty, and interest, which is a negative financial development.
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RCF Faces ₹8.58 Crore Tax Demand, Penalty, and Interest from GST Department
January 1, 2026, 12:44 PM
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More Details on This News
Rashtriya Chemicals and Fertilizers Limited (RCF) has been served with an order from the Joint Commissioner, GST Mumbai, imposing a tax demand, penalty, and interest totaling ₹8,57,99,275 (8 crore 57 lakh 99 thousand 275). The disputed amount primarily relates to tax on Reverse Charge Mechanism for the period of April 2018 to March 2023.
The tax demand amounts to ₹4,28,21,616, with a penalty of a similar amount, ₹4,28,21,616, and interest of ₹1,56,043. The company received this order via email on December 31, 2025, at 10:17 p.m.
RCF has indicated that it may prefer to file an appeal against this order. The total financial impact is quantifiable at ₹8,57,99,275.
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