SRF Limited Faces ₹15.76 Crore Tax Demand with Penalty
SRF Limited has received a demand order from the Joint Commissioner, CGST Commissionerate, Dehradun, for the reversal of Input Tax Credit (ITC) amounting to approximately ₹15.76 Crores, along with app...
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Why is SRF Limited in the news today?
SRF Limited (SRF) is in the news due to the company has received a significant tax demand and penalty, which is a negative development.
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SRF Limited Faces ₹15.76 Crore Tax Demand with Penalty
December 30, 2025, 10:14 AM
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More Details on This News
SRF Limited has received a demand order from the Joint Commissioner, CGST Commissionerate, Dehradun, for the reversal of Input Tax Credit (ITC) amounting to approximately ₹15.76 Crores, along with applicable interest. The authority has also imposed a penalty equivalent to the tax amount.
The demand pertains to (a) exempted supply and (b) non-filing of returns by a supplier. Specifically, the company undertook a slump sale of a business unit, which was classified as an exempted supply. Tax authorities are of the view that ITC reversal is required in proportion to this exempted supply. Additionally, ITC reversal has been demanded due to non-compliance by a supplier.
SRF Limited, based on legal advice, is confident that the demand is not legally tenable and intends to contest it before the appropriate legal forums. The company has received this communication on 29th December 2025 at 07:16 PM.
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