Thermax Receives ₹53.47 Lakh GST Penalty Order

Key Quantitative Figures

The assessment order imposes a penalty of ₹53.47 lakhs.

Dates of Action

• Order received on: November 4, 2026, at 7:06 p.m. IST
• Disclosure intimation dated: November 5, 2026
• Period of violation: Financial Year 2022-23

Parties Involved

• Issuing Authority: Joint Commissioner Central GST, Pune-I Commissionerate, Pune
• Listed Entity: Thermax Limited

Details of Violation

Penalty levied on account of delayed reporting of Tax Invoices for supply made during FY 2022-23.

Financial Impact

Financial impact not quantified in the disclosure. The company states: "The Company shall file an appeal challenging the said demand, in due course of time."