CEAT faces Rs 9.4 crore GST demand and penalty for FY 2019-20 | Business Upturn

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CEAT has been issued a demand by the GST State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu, amounting to ₹4.7 crore for the financial year 2019-20. This demand is accompanied by an equal penalty of ₹4.7 crore, alongside applicable interest, due to the alleged availment and utilisation of ineligible input tax credit.

The communication regarding this demand was received by authorised officers of CEAT on 30th March 2026. The company is currently evaluating the possibility of filing an appeal against the order. Despite the significant demand and penalty, CEAT believes there will be no material impact on its financials, operations, or other activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Ceat Gaurav Tongia GST Tamil Nadu