IRCTC Directed to Deposit ₹50.41 Crore Profiteering Amount

Litigation Details

Opposing Party: GSTAT (Goods and Services Tax Appellate Tribunal) (erstwhile Competition Commission of India)

Date of Initiation of Litigation: June 26, 2020

Current Status and Final Order

The GSTAT passed a final order on October 14, 2026.

The Tribunal has accepted the Directorate General of Anti-Profiteering (DGAP) Report and rejected all objections to the same raised by IRCTC.

Directives and Financial Impact

IRCTC has been directed to deposit the profiteered amount of ₹50,41,44,461/- (₹50.41 crore).

This amount must be deposited along with interest @ 18% per annum as per Rule 133(3)(c) of the CGST Rules, 2017, effective from June 28, 2019.

The total amount (principal + interest) must be deposited into the Central Consumer Welfare Fund and the State Consumer Welfare Funds in a 50:50 ratio. The state-wise bifurcation must follow the breakdown shown in the DGAP report.

The deposit must be made within one month (30 days) from the order date (October 14, 2026).

A further penalty of 10% will apply if the deposit is not made within the stipulated 30-day period.

Company's Response

The disclosure states that an appeal to this order is being preferred before the Competent court of Jurisdiction.