Kirloskar Oil Engines to Challenge GST Order as Appeal Slightly Reduces Tax and Interest Demands:

Kirloskar Oil Engines to Challenge GST Order as Appeal Slightly Reduces Tax and Interest Demands Kirloskar Oil Engines Limited has informed the stock exchange that it has received an Order-In-Appeal dated March 20, 2026, passed by the Department of Goods and Service Tax Office of the Joint Commissioner of State Tax under the Maharashtra Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017.

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The order had reduced the earlier interest demand from Rs 1.10 crore to Rs 1.09 crore and the tax demand from Rs 1.28 crore to Rs 1.25 crore. No changes have been made to the earlier imposed penalty amount; it remains the same at Rs 25.13 lakh. The present disclosure is a continuation of an earlier regulatory filing dated February 13, 2025. The order was issued on the grounds of short payment of GST and Input Tax Credit (ITC) disallowance for Financial Year 2020-21 (Assessment Year 2021-22). The company has clarified that the present action does not impact its financial, operational, and other activities in the market. The company feels that the order is unfair and invalid, hence planning to challenge the same by filing a second appeal before the relevant authority within the statutory time limit.

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The company had made the aforementioned disclosure through a regulatory filing dated March 21, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.