TCI Express Receives Confirmation of ₹51.36 Crore GST Demand Order for FY2017-22
TCI Express Limited has received confirmation that a GST demand order of ₹51.36 crores (including interest and penalty) for the period FY 2017-18 to FY 2021-22 continues to remain in force. The order was uploaded on the GST portal on January 14, 2026, by the Gurugram GST Commissioner (Appeals). The company plans to file an appeal with GST authorities, expressing confidence in having a strong case on merits and stating no material impact on financials or operations is expected.
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TCI Express Limited has received confirmation that a significant GST demand order continues to remain in force, following an earlier disclosure made in December 2024. The logistics company informed stock exchanges on January 16, 2026, about the continuation of the demand order issued under the Goods and Services Tax Act, 2017.
GST Demand Order Details
The demand order pertains to the recovery of GST for a five-year period spanning from FY 2017-18 to FY 2021-22. The order was uploaded on the GST portal on January 14, 2026, by the Office of the Commissioner (Appeals) of Central Goods and Service Tax, Gurugram Commissionerate.
| Parameter | Details |
|---|---|
| Demand Amount | ₹51,36,02,450.00 (plus applicable interest and penalty) |
| Legal Provision | Section 74(1) of CGST Act, 2017 and Haryana GST Act, 2017 |
| Period Covered | FY 2017-18 to FY 2021-22 |
| Authority | Commissioner (Appeals), Central GST, Gurugram |
| Order Upload Date | January 14, 2026 |
Company's Response and Legal Strategy
TCI Express has expressed confidence in its legal position regarding the GST demand. The company believes it has a strong case on merits and has announced its intention to file an appeal against the order before the GST Appropriate Authority. This represents the company's continued effort to challenge the demand through proper legal channels.
The logistics firm had previously disclosed this matter to the stock exchanges on December 23, 2024, when the original demand order was issued. The current communication serves as an update on the status of that earlier disclosure.
Financial and Operational Impact
According to the company's assessment, there is no material impact expected on its financials, operations, or other business activities despite the substantial demand amount. TCI Express maintains that the ongoing legal proceedings will not significantly affect its day-to-day operations or financial performance.
| Impact Assessment | Company's Position |
|---|---|
| Financial Impact | No material impact expected |
| Operational Impact | No disruption to business activities |
| Legal Strategy | Filing appeal with GST Appropriate Authority |
| Management Confidence | Strong case on merits |
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its obligation to inform both the National Stock Exchange of India and BSE Limited about this material development, ensuring transparency with investors and stakeholders.
The information has also been made available on the company's official website, providing broader access to this important update for all stakeholders interested in TCI Express's regulatory and legal matters.
Historical Stock Returns for TCI Express
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | -0.25% | +12.39% | -19.02% | -17.95% | -40.56% |
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