Apollo Tyres Faces GST Penalties of Rs 71 Lakh Over Input Tax Credit and E-Way Bill Disputes:

Apollo Tyres Faces GST Penalties of Rs 71 Lakh Over Input Tax Credit and E-Way Bill Disputes Apollo Tyres Limited has made a disclosure to inform the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) about the receipt of two separate orders from the Deputy Commissioner, Bihar (GST), through a disclosure dated June 5, 2026 made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. One order levies a penalty of Rs 13 lakh in connection with a dispute relating to Input Tax Credit under the GST Act, 2017. The second order imposes a penalty of Rs 58 lakh because of issues concerning Input Tax Credit and E-Way Bill compliance. The company furnished the details in accordance with the requirements as prescribed under the SEBI Master Circular dated January 30, 2026. The disclosure was addressed to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI Listing Regulations. Further, it was stated that the disputes are regulatory in nature and that it does not anticipate any material impact on its financial condition, operations, or other activities as a consequence of the orders. The company has stated that it will pursue appropriate legal remedies and intends to file appeals before the appellate authority against both orders in due course.