JSW Infrastructure Limited is required to pay ₹965.8 million in penalties following a tax notice from authorities claiming GST short payment for the period spanning from 2019 to 2024. This development represents a significant financial obligation for the marine port and services company.

Tax Notice and Penalty Details

The tax authorities have issued a notice to JSW Infrastructure alleging shortfall in Goods and Services Tax (GST) payments over a five-year period, resulting in substantial penalties. The notice covers the timeframe from 2019 to 2024, with the company now facing a considerable financial liability.

Financial Impact

The ₹965.8 million penalty represents a substantial financial burden for JSW Infrastructure. This amount reflects the severity of the alleged GST payment shortfall identified by tax authorities during their comprehensive review of the company's tax compliance over the five-year period.

Regulatory Implications

The issuance of this tax notice and the resulting penalty obligation represents a significant regulatory challenge that JSW Infrastructure must address. Such notices typically require companies to provide detailed documentation and explanations regarding their tax compliance during the specified period.

The company operates in the marine port and services sector and will need to work with tax authorities to resolve the matter. The notice period spanning five years indicates a comprehensive review of the company's GST payment history, culminating in this substantial penalty assessment.

Next Steps

JSW Infrastructure will need to engage with tax consultants and legal advisors to address the penalty payment requirement and respond to the notice appropriately. The company may explore options to contest the penalty amount or negotiate payment terms while providing necessary documentation and clarifications to address the claims made by the tax authorities regarding the alleged GST payment shortfall.

JSW Infrastructure Limited announced that its subsidiary Ennore Coal Terminal Private Limited (ECTPL) has received a GST order demanding ₹96.58 crore from Chennai tax authorities. The development follows an earlier show cause notice issued in September 2025, with the matter now progressing to a formal order stage.

Order Details and Timeline

The order was received on December 30, 2025, at around 11:00 AM via speed post. It was dated December 22, 2025, and passed by the Additional Commissioner of Central Tax, Office of The Commissioner of GST and Central Excise, Chennai Outer, Tamil Nadu.

Nature of Allegations

The order alleges short payment of GST during the period from April 2019 to March 2024. The authorities have invoked provisions under Section 74 read with Section 122(2)(b) of the CGST Act, 2017/TNGST Act, 2017 read with Section 20 of IGST Act, 2017.

Company's Response Strategy

JSW Infrastructure has announced its intention to file an appeal against the order. The company maintains confidence in its legal position, stating it has strong legal and factual grounds to contest the order before appellate authorities.

Financial and Operational Impact

The company has clarified that there is no material impact on its financial, operational, or other activities, except for the payment of 10% of the tax demanded as a pre-deposit for filing the appeal. This pre-deposit requirement amounts to approximately ₹9.66 crore, which represents the only immediate financial obligation for the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and follows the SEBI Master Circular dated November 11, 2024. This represents a continuation of the company's earlier intimation dated September 29, 2025, regarding the initial show cause notice.