Torrent Power Faces Rs 189 Crore Tax Demand and Penalty; Plans to Contest Order:

Torrent Power Faces Rs 189 Crore Tax Demand and Penalty; Plans to Contest Order Torrent Power Limited has recently disclosed the receipt of a huge GST demand order from the UP tax authority. The total amount involved is Rs 189.42 crore, including tax and penalty. The demand order is related to the period from April 2019 to September 2024.

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Background of the Case

The order, issued under Sections 74 and 74A of the CGST Act 2017, read with Sections 74 and 74A of the UPGST Act 2017 and Section 20 of the IGST Act 2017, relates to GST on rent on immovable properties and on incidental and ancillary services. Based on this, the department has raised a demand of Rs 94.71 crore and imposed an equal penalty of Rs 94.71 crore.

Key Detail of Order

Particulars	Details
Issuing Authority	Additional Commissioner, Agra, Lucknow, Uttar Pradesh
Date of receipt	March 27, 2026
Type of Communication	Demand Order
Relevant Period	From April 2019 to September 2024
CGST	Rs 47,35,55,749
SGST	Rs 47,35,55,749
Total Tax (CGST+SGST)	Rs 94,71,11,498
Penalty	Rs 94,71,11,498
Total Demand	Rs 189.42 crore

Company's Response

Torrent Power has decided to challenge the order by filing an appeal before the appropriate authority.

Financial Impact

Torrent Power has clarified that the demand order does not affect the financial, operation or other activities of the company.

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Company's Disclosure Compliance

The above information was disclosed by Torrent Power Limited on March 28, 2026, to both stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.