Key Quantitative Figures
The company has received a demand order for ₹59,44,859 (Indian Rupees Fifty-Nine Lakh Forty-Four Thousand Eight Hundred and Fifty-Nine Only).
Dates of Action
- Demand order issued: October 8, 2026
- Order received by company: October 9, 2026
- Disclosure filed with BSE: October 10, 2026
Parties Involved
- Issuing Authority: Office of the Additional Commissioner, GST & Central Excise, Rourkela Commissionerate, Rourkela, Odisha
- Listed Entity: Rathi Steel and Power Limited
Details of Violation
The alleged demand pertains to interest on delayed payments of GST liability for the month of January 2021.
Financial Impact Assessment
The company states that "no material impact on the financial, operational or other activities of the Company can be foreseen."
Company's Response and Rationale
The company believes that the demand is "not maintainable" and will "explore appropriate legal remedies to contest the same, as may be necessary."