Jubilant Ingrevia Limited has received a favourable order from the Commissioner Central Goods and Service Tax (Appeals), Meerut, setting aside the demand of service tax on ocean freight for the financial year 2017-18. The order dated May 26, 2026 was received on June 8, 2026.
The appellate authority passed the order in appeal number MRT/EXCUS/000/APPL-MRT/06/2026-27, allowing the appeal against the service tax demand confirmed by the Assistant Commissioner, CGST, Division Bijnor. The demand that has been set aside comprised basic tax of Rs 0.36 crore, a penalty of Rs 0.36 crore, and applicable interest under reverse charge.
The favourable ruling removes the contingent liability of approximately Rs 0.72 crore plus interest from Jubilant Ingrevia's financial statements. Jubilant Ingrevia is no longer required to pay the disputed amount confirmed by the lower authority. The demand had been raised under reverse charge mechanism for ocean freight expenses incurred during 2017-18. Jubilant Ingrevia had previously informed the stock exchanges about this matter through a letter dated February 9, 2026.
The event of receiving the order occurred on June 8, 2026 at 12.19 pm IST. Jubilant Ingrevia made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Jubilant Ingrevia confirmed that the order document will be simultaneously posted on its website at www.jubilantingrevia.com.
The disclosure was made in compliance with Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026. The order resolves the service tax dispute on ocean freight for the fiscal year 2017-18.
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