Date: November 06, 2026
Regulatory & Legal Disclosure
Torrent Power Limited has received an order from the Office of Joint Commissioner, CGST Ahmedabad South dated November 05, 2026, at 07:48 pm. The order was received by the company through email.
Nature of Order
The order is an "order in original" passed under Section 74A(1) of the Central Goods and Services Tax Act, 2017. It pertains to the conditional refund of GST paid on ocean freight, which was previously transferred to the consumer welfare fund by the company as per directions of the Hon'ble Supreme Court of India.
The specific demand comprises:
- Interest: ₹4.54 Crore
- Penalty: ₹1.93 Crore
- Total Demand: ₹6.47 Crore
Company's Response and Impact Assessment
The company believes that since the Hon'ble High Court had allowed conditional refund and the company acted according to that order's directions, the question of interest and penalty should not arise.
Torrent Power will challenge this order before the appropriate authority and is hopeful of a favorable outcome.
According to management's assessment, this order does not have any material financial impact on the company.