LG Electronics India Limited has received an order from the Joint Commissioner GST- Corporate Circle-2, Greater Noida, dropping a proposed demand of Rs 116.72 crore. The order, dated July 1, 2026, pertains to a show cause notice issued for FY 2021-22 under Section 74 of the CGST Act, 2017 and the Uttar Pradesh GST Act, 2017. The authority decided the matter in favour of the company, resulting in the withdrawal of the entire demand, which included a principal tax component of Rs 58.36 crore and an equal penalty amount.

The show cause notice had previously alleged excess availment of input tax credit during FY 2021-22. These allegations were based on reconciliation differences observed between GST returns filed by the company. Following adjudication, the GST Authority accepted the company's position, thereby dismissing the claims raised in the notice.

Details of the GST Order

The communication addressed to the National Stock Exchange of India Limited and BSE Limited outlined the specifics of the regulatory action. The table below summarizes the key particulars disclosed in the filing:

The company confirmed that there is no financial, operational, or other material impact on its activities pursuant to the said order. The intimation was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

LG Electronics India has closed its trading window for designated persons and their immediate relatives, effective from Wednesday, July 1, 2026. The window will remain shut until 48 hours after the declaration of the company's unaudited financial results for the first quarter ending June 30, 2026. This measure is implemented to ensure compliance with the Company's Code of Conduct for Prevention of Insider Trading, which is framed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The restriction applies to all designated persons within the organization and their immediate relatives to prevent potential insider trading during the sensitive period surrounding the financial announcement. The company stated that the specific date for the Board of Directors' meeting to consider and approve the financial results will be communicated in due course.

Key Details

The communication was addressed to the National Stock Exchange of India Limited and BSE Limited, informing them of the regulatory compliance measure. The intimation was signed by Anuj Goyal, Company Secretary and Compliance Officer of LG Electronics India Limited.