Rane Holdings Subsidiary Gets Relief as GST Authorities Withdraw Rs 11.88 Crore Demand:

GST authorities have withdrawn the entire tax proceedings against Rane Holdings’ subsidiary, quashing the Rs 11.88 crore demand, including a penalty of Rs 1.07 crore.

GST Authorities Drop Proceedings Over GSTR-2A and GSTR-3B Differences Against Rane Subsidiary

Saloni Kumari

Nov 13, 2026

Last update on Nov 13, 2026

Rane Holdings Limited had previously informed the stock exchanges about the receipt of a show cause notice (SCN) by its wholly owned subsidiary, Rane Steering Systems Private Limited, passed by the Assistant Commissioner (ST), Royapettah, South I, Chennai. The notice proposed certain demands against the company.

In connection with the same, the subsidiary company has now received an order issued by the Assistant Commissioner (ST), Royapettah, South I, Chennai, GST authorities under Section 73 of the TNGST Act, 2017, announcing the withdrawal of the entire tax proceedings initiated against the company.

Consequently, the relevant demand relating to differences between GSTR-2A (statement on inward supplies) and GSTR-3B (monthly return), details of credit notes issued & exempted / nil-rated supplies amounting to Rs.11.88 crores, including a penalty of Rs 1.07 crore, was also quashed. The company had received the favourable order on November 12, 2026.

Rane Holdings Limited has made the complete aforementioned disclosure vide an Intimation dated November 13, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.

About Author

Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].