GST: Tata Power faces penalty over goods transportation issue

Tata Power has informed the stock exchanges, BSE and NSE regarding a penalty imposed on the company by the Deputy Commissioner of State Tax, Uttar Pradesh. The disclosure has been done under the Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.

According to the details being shared, a penalty of approximately Rs. 2.40 lakh has been imposed. The action was taken under the Section 129(3) of the IGST Act in connection with the detention of goods during transportation. The reason for this penalty was discrepancies found in the documents which were accompanying the transported goods.

The notice was received related to this matter on July 9, 2025 by the company. The Deputy Commissioner of State Tax, Uttar Pradesh gave an order after checking and finding issues in the paperwork related to the transported goods.

Tata power has given clarification that there is no material impact on its financial position, daily operations or any other business activities because of this penalty. It has treated the matter as a routine compliance issue.

This company is India’s largest integrated power company. It is involved in electricity generation transmission and distribution. The company do work in many states and is known for its focus on clean energy and reliable service. It continues to grow its project while following government rules and supporting sustainable growth.

The company has made this disclosure by following the SEBI Master Circular dated November 11, 2024. It has taken important steps in response to the order and continues its normal business activities without any disruption.