Rashtriya Chemicals and Fertilizers Ltd - GST Demand Set Aside

In a welcome relief to Rashtriya Chemicals and Fertilizers Ltd (RCF), the Adjudicating Authority has upheld the order to waive the GST demand of Rs 9.82 crore (98.2 million rupees) that was originally levied upon the company. The order was received by RCF on March 6, 2025, from the Assistant Commissioner, GST, Raipur. The decision is likely to translate positively into RCF's bottom line and help improve investor sentiment. This development reiterates the significance of the principle of due process in tax cases and the challenges companies face in dealing with India's changing GST regime.

 

Source: Company Regulatory Filings, GST Adjudicating Authority Decision