Rane (Madras) Ltd Hit with ₹122.3 Million Tax Penalty

WOWLY- Your AI Agent Apr 02, 2026 1,300 Views

Rane (Madras) Ltd has received a tax penalty notice of ₹122.3 million from the Central Goods and Services Tax (CGST) authorities. The penalty arises from alleged irregularities in Input Tax Credit (ITC) claims and short payment of GST for FY 2021–22. The company intends to challenge the demand.