Mahindra Logistics Receives GST Penalty of ₹2.04 Lakh from Ranchi Tax Officer
Mahindra Logistics Limited received a GST penalty order of ₹2,04,425.35 from State Tax Officer, Ranchi-South, Jharkhand for alleged excess Input Tax Credit claims during FY 2021-2022. The total financial implications include tax demand of ₹20,44,253.48, interest of ₹12,78,302.51, and penalty of ₹2,04,425.35, which will be treated as contingent liabilities. The company expects a favourable outcome at the tribunal level and does not anticipate material financial impact on its operations.
*this image is generated using AI for illustrative purposes only.
Mahindra Logistics Limited has received a GST penalty order from tax authorities in Jharkhand, as disclosed in a regulatory filing under SEBI Regulation 30. The company received the order on December 31, 2025, via email intimation at 16:39 PM IST.
GST Penalty Details
The State Tax Officer, GST, Ranchi-South, Jharkhand has imposed a penalty on the logistics company for alleged excess Input Tax Credit claims during the financial year 2021-2022. The penalty has been levied under applicable provisions of multiple GST acts.
| Parameter: | Details |
|---|---|
| Penalty Amount: | ₹2,04,425.35 |
| Assessment Period: | FY 2021-2022 |
| Issuing Authority: | State Tax Officer, GST, Ranchi-South, Jharkhand |
| Legal Framework: | Jharkhand GST Act 2017, CGST Act 2017, IGST Act 2017 |
| Issue: | Alleged excess Input Tax Credit claimed |
Total Financial Implications
The GST order encompasses multiple financial components beyond the penalty amount. The company has provided a comprehensive breakdown of all financial implications arising from the assessment order.
| Component: | Amount (₹) |
|---|---|
| Tax Demand: | 20,44,253.48 |
| Interest: | 12,78,302.51 |
| Penalty: | 2,04,425.35 |
These amounts will form part of the contingent liabilities in the company's financial statements, as disclosed in the regulatory filing.
Company's Response and Outlook
Mahindra Logistics has expressed confidence regarding the resolution of this matter. Based on the company's internal assessment, prevailing legal framework, and advice from legal counsel, the management remains optimistic about the outcome at higher adjudicating levels.
The company has stated that it does not reasonably expect the GST order to have any material financial impact on its operations. This assessment suggests that the company believes it has strong grounds for appeal at the next adjudicating authority or tribunal level.
Regulatory Compliance
The disclosure has been made in compliance with SEBI regulations, specifically under Clause 8 of Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this information on its official website under the disclosures section, ensuring transparency for all stakeholders.
