Apollo Tyres Receives ₹71 Lacs GST Penalty Orders

Order Details - Annexure A

Authority: Deputy Commissioner, Bihar (GST)

Nature of Order: Order passed under GST Act levying penalty of ₹13 lacs

Date of Receipt: June 4, 2026

Violation Details: Dispute regarding Input Tax Credit

Order Details - Annexure B

Authority: Deputy Commissioner, Bihar (GST)

Nature of Order: Order passed under GST Act levying penalty of ₹58 lacs

Date of Receipt: June 4, 2026

Violation Details: Dispute regarding Input Tax Credit and E-way Bill

Financial and Operational Impact

For both orders, the company states: "The Company will file appeal before Appellate Authority in due course. There is no material impact of the same on financial, operations or other activities of the Company."

Total Penalty Amount

Combined penalty from both orders: ₹71 lacs (₹13 lacs + ₹58 lacs)

Company Response

The company intends to appeal both orders before the Appellate Authority. No provision or financial impact has been recognized as the company disputes the orders and does not expect material impact.

Filing Details

Filed by Seema Thapar, Company Secretary & Compliance Officer, on June 5, 2026, at 14:21:08 IST.

#Tags: #ApolloTyres #GST #SEBIDisclosure #RegulatoryCompliance #TaxDispute #Neutral