Apollo Tyres receives GST penalty orders totaling Rs. 71 lacs
Apollo Tyres received two penalty orders from the Deputy Commissioner, Bihar (GST) on June 4, 2026, totaling Rs. 71 lacs under the GST Act. The penalties of Rs. 13 lacs and Rs. 58 lacs relate to disputes over Input Tax Credit and E-way Bill compliance. The company disclosed the filing on June 5, 2026, and confirmed it will file an appeal, noting no material impact on its financial or operational activities.
*this image is generated using AI for illustrative purposes only.
Apollo Tyres received penalty orders from the Deputy Commissioner, Bihar (GST) on June 4, 2026, totaling Rs. 71 lacs under the Goods and Services Tax Act, 2017. The orders pertain to disputes regarding Input Tax Credit and E-way Bill compliance. The company disclosed these developments in a filing submitted to the exchanges on June 5, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The first order involves a penalty of Rs. 13 lacs arising from a dispute regarding Input Tax Credit. The second order imposes a penalty of Rs. 58 lacs, linked to disputes concerning both Input Tax Credit and E-way Bill regulations. Both orders were received by the company on the same date.
Details of the Orders
The following table outlines the specifics of the orders received by Apollo Tyres:
| S.no | Authority | Nature of Order | Penalty Amount | Violation Details |
|---|---|---|---|---|
| 1. | Deputy Commissioner, Bihar (GST) | Order passed under GST Act | Rs. 13 lacs | Dispute regarding Input Tax Credit |
| 2. | Deputy Commissioner, Bihar (GST) | Order passed under GST Act | Rs. 58 lacs | Dispute regarding Input Tax Credit and E-way Bill |
Company Response and Impact
Apollo Tyres stated that it intends to file an appeal before the Appellate Authority against these orders in due course. Regarding the financial implications, the company clarified that there is no material impact of these penalties on its financial, operational, or other activities. The disclosure was made in accordance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Historical Stock Returns for Apollo Tyres
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.10% | +0.24% | +15.83% | -15.84% | -3.54% | +95.88% |
How might the outcome of Apollo Tyres' appeal influence future GST compliance strategies in the automotive sector?
Could these penalties signal a broader trend of increased scrutiny on Input Tax Credit and E-way Bill compliance by tax authorities?
What potential legal or financial risks could arise if the appellate authority upholds the penalties?
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