Indian Railway Finance Corporation received an order from the Assistant Commissioner of State Tax, Delhi Zonal Unit, dropping a pending GST demand of ₹549.32 crore. The order was passed on October 23, 2026, resulting in a nil demand against the earlier show cause notice.
The development follows an earlier intimation dated August 24, 2026. The company disclosed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a favorable resolution to the tax litigation.
Key details of the order
| Item | Details |
| Issuing Authority | Assistant Commissioner of State Tax, Delhi Zonal Unit |
| Order Date | October 23, 2026 |
| Original SCN Amount | ₹549.32 crore |
| Final Demand | Nil |
The disclosure confirms that the earlier show cause notice amounting to ₹549.32 crore has been fully dropped. This outcome eliminates the associated liability previously flagged in regulatory filings.
Regulatory context
The company filed this disclosure pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations. It also referenced SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Vijay Babulal Shirode, Company Secretary and Compliance Officer.
Source from: https://scanx.trade/stock-market-news/companies/irfc-receives-order-dropping-549-crore-gst-demand/54311069
