Chambal Fertilizers & Chemicals Limited — Others, 09-01-2025: Action(s) taken or orders passed

Chambal Fertilisers and Chemicals Limited has reported that a total penalty of ₹49.83 crore has been levied by the Joint Commissioner, CGST & CE, Patna-I, due to non-reversal of Input Tax Credit and short discharge of GST liability. However, the company has already rectified these issues according to GST law. While this penalty poses a financial obligation, management believes it has a strong case and plans to appeal the order. This development may invoke a mixed investor sentiment due to immediate financial repercussions coupled with the potential for a favorable outcome during the appeal process.