Reliance Industries Fined ₹1.11 Crore by State Tax Dept; Plans Appeal

Reliance Industries Limited (RIL) has announced that it has received an order dated December 23, 2025, from the Deputy Commissioner of State Tax, Jamnagar. The order imposes a penalty of ₹1.11 crore o...

Reliance Industries Limited (RIL) has announced that it has received an order dated December 23, 2025, from the Deputy Commissioner of State Tax, Jamnagar. The order imposes a penalty of ₹1.11 crore on the company under Section 73 of the Central Goods and Services Tax Act, 2017, and related state and integrated GST acts. The penalty has been levied alleging incorrect availment of input tax credit by the company. Reliance Industries Limited stated that it intends to file an appeal against this order. The company clarified that the financial impact is limited to the penalty amount and there is no impact on its operations or other business activities due to this order. RIL received the intimation of this order via email on December 23, 2025, at 7:44 p.m. IST.

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Why is Reliance Industries Limited in the news today?

Reliance Industries Limited (RELIANCE) is in the news due to the company has been penalized by the tax authorities, which is a negative development.

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Reliance Industries Fined ₹1.11 Crore by State Tax Dept; Plans Appeal

December 24, 2025, 01:32 PM

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Reliance Industries Limited (RIL) has announced that it has received an order dated December 23, 2025, from the Deputy Commissioner of State Tax, Jamnagar. The order imposes a penalty of ₹1.11 crore on the company under Section 73 of the Central Goods and Services Tax Act, 2017, and related state and integrated GST acts.

The penalty has been levied alleging incorrect availment of input tax credit by the company. Reliance Industries Limited stated that it intends to file an appeal against this order.

The company clarified that the financial impact is limited to the penalty amount and there is no impact on its operations or other business activities due to this order. RIL received the intimation of this order via email on December 23, 2025, at 7:44 p.m. IST.

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