Gandhar Oil Refinery Receives GST Summons for Transaction Inquiry
Gandhar Oil Refinery (India) Ltd received a GST summons dated March 04, 2026, requiring appearance before tax authorities on March 10, 2026, for inquiry into transactions with M/s Maruti Petroleum. The summons was issued under Section 70 of the Central GST Act, 2017, by GST Bhavan, Vapi authorities. The company clarified that no violations have been alleged at this preliminary inquiry stage, and the financial impact cannot be determined currently.
*this image is generated using AI for illustrative purposes only.
Gandhar oil refinery (India) Ltd has disclosed to stock exchanges that it received a GST summons on March 04, 2026, requiring its appearance before tax authorities for an inquiry related to certain business transactions. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
GST Summons Details
The summons was issued under Section 70 of the Central Goods and Services Tax Act, 2017, by Vikendra Kumar Meena, Superintendent/Appraiser/Senior Intelligence Officer at GST Bhavan, RCP Compound, Vapi. The company received the summons via email on March 03, 2026, though the physical copy had not been received at the time of disclosure.
| Parameter: | Details |
|---|---|
| Issuing Authority: | Superintendent/Appraiser/Senior Intelligence Officer, GST Bhavan, RCP Compound, Vapi |
| Summons Date: | March 04, 2026 |
| Appearance Date: | March 10, 2026 |
| Appearance Time: | 10:30 AM |
| Venue: | 7th floor, GST Bhavan, RCP Compound, Vapi |
| CBIC-DIN: | 20260365TB0000111D9B |
Nature of Inquiry
The GST inquiry specifically focuses on the company's transactions with M/s Maruti Petroleum, which holds GSTIN: 24MQOPS5743L1ZT. The summons requires Gandhar Oil Refinery to:
- Tender a statement regarding the inquiry
- Submit all documents related to transactions with M/s Maruti Petroleum
- Provide evidence and produce relevant documents under the company's possession or control
The company can appear either in person or through an authorized representative at the scheduled hearing.
Regulatory Compliance and Impact Assessment
In its disclosure to BSE Limited and National Stock Exchange of India Limited, Gandhar Oil Refinery emphasized that the summons does not allege any specific violations or contraventions. The company stated that since the inquiry is at a preliminary stage, it cannot determine the financial impact in monetary terms at this time.
| Aspect: | Status |
|---|---|
| Alleged Violations: | Not Available - Inquiry at nascent stage |
| Financial Impact: | Cannot be determined at preliminary stage |
| Operational Impact: | Not quantifiable currently |
| Nature of Proceeding: | GST Inquiry under Section 70 |
Legal Framework and Consequences
The summons carries significant legal weight, as the inquiry is deemed a judicial proceeding under sections 229 and 267 of the Bharatiya Nyaya Sanhita, 2023. Non-compliance with the summons constitutes an offence punishable under sections 208 and 210 of the same act. This underscores the mandatory nature of the company's appearance before the GST authorities.
The company has assured stakeholders that it will comply with all regulatory requirements and has provided comprehensive details as mandated under the amended Regulation 30 of SEBI regulations, along with the SEBI Master Circular dated January 30, 2026.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | -6.83% | -5.50% | -9.38% | +1.26% | -55.85% |
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