Cummins India Rs 10.38 Crore GST Penalty Order

Key Quantitative Figures

The Additional Commissioner (Office of the Principal Commissioner, CGST & Central Excise Commissionerate) Jaipur has issued an order demanding:

• Integrated Goods and Services Tax (IGST) of ₹5,19,10,293 (Rs. 5.19 crore)
• Equal penalty of ₹5,19,10,293 (Rs. 5.19 crore)
• Total financial impact: ₹10,38,20,586 (Rs. 10.38 crore)

Period Covered

The order covers assessment years 2020-21 to 2023-24.

Company Response

The company is in the process of evaluating appropriate legal remedies, including filing an appeal before the Appellate Authority.

Financial Impact

The penalty has been immediately provided for in the company's accounts. The disclosure states: "The penalty levied has been immediately provided for in the books of account and does not have any material impact on the financials, operations or other activities of the Company."