Saloni Kumari | Apr 1, 2026 |
Reliance Industries to Contest Penalty Imposed by State GST Department
Reliance Industries Limited has received an order dated March 30, 2026, passed by the Assistant Commissioner of State Tax, Junagadh, under Section 74 of the Gujarat Goods and Services Tax, 2017, and the Central Goods and Services Tax Act, 2017, read with applicable provisions of the Integrated Goods and Services Act, 2017. The said order has imposed a penalty amounting to Rs 15.38 lakh on the company on the grounds of alleged incorrect availment of ITC (Input Tax Credit).
The company had received the order on March 30, 2026, through email at 1:52 p.m. (IST). The company has clarified that it is not satisfied with the said order and the penalty levied through the same, hence planning to file an appeal challenging the same before an appropriate appellate authority. The company further stated that this action does not impact its financial, operational, and business activities.
Key Details of Order
| Particulars | Details |
| Company | Reliance Industries Limited |
| Order Date | March 30, 2026 |
| Issuing Authority | Assistant Commissioner of State Tax, Junagadh |
| Legal Provisions Involved | Section 74 of Gujarat GST Act, 2017; Central GST Act, 2017; Integrated GST Act, 2017 |
| Nature of Issue | Alleged incorrect availment of ITC (Input Tax Credit) |
| Penalty Amount | Rs 15.38 lakh |
| Date and Time of Receipt | March 30, 2026 at 1:52 p.m. (IST) via email |
| Company’s Response | Not satisfied with the order; plans to file an appeal before appropriate appellate authority |
| Impact on Business | No impact on financial, operational, or business activities |
| Disclosure Date | March 31, 2026 |
| Regulatory Framework | Regulation 30 of SEBI (LODR) Regulations, 2015 |
| Stock Exchanges Notified | National Stock Exchange of India Limited and Bombay Stock Exchange Limited |
The company has made the aforementioned disclosure to the Stock Exchanges of India (National Stock Exchange of India Limited and Bombay Stock Exchange Limited) through a regulatory filing dated March 31, 2026, issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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