Oil & Natural Gas Corporation Limited — Others, 04-02-2025: Action(s) initiated or orders passed

The Oil and Natural Gas Corporation Limited has received an order demanding recovery of ₹45.58 crore related to CGST and SGST for the period from July 2017 to March 2022, alongside penalties totaling ₹45.58 crore. The company argues that GST is not applicable for its own share in the Unincorporated Joint Venture activities and plans to appeal the order. Despite the significant sum in question, management indicates no substantial impact on financial operations due to the company's size. This situation may present a neutral impact for investors, though the appeal process could pose short-term risks.