IRCTC Receives Tax Demand of Rs 184.88 Lakh in GST Appeal Case

New Delhi, July 2, 2025 – The Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) has received a significant tax-related order from the Joint Commissioner of CGST Appeals-II, Delhi. This update has been shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The case relates to IRCTC’s claim of Input Tax Credit under Transitional provisions for the Financial Year 2017–18. As per the Order-In-Appeal dated June 30, 2025, IRCTC has been directed to pay a demand of Rs 184.88 lakh, which includes a penalty of Rs 95.88 lakh.

This demand has been raised following the company’s earlier appeal against a Show Cause Notice issued by the CGST Department on November 7, 2024. IRCTC has stated that the demand is litigative in nature and intends to challenge the order before the GST Appellate Tribunal within the legally provided timeline.

The development carries financial implications for the company but is not expected to immediately affect its operations. Investors and stakeholders have been informed through official filings on BSE and NSE.