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RITES Gets ₹38 Crore Relief from Gujarat Tax Authority for FY20 Demand
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CNBC TV18•04-10-2026, 17:48
RITES Gets ₹38 Crore Relief from Gujarat Tax Authority for FY20 Demand
- •RITES Ltd received a relief of ₹38.30 crore against a demand comprising tax, interest, and penalty for the financial year 2019-20.
- •The relief was granted after the Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat, partially set aside the demand order on September 30.
- •RITES had filed an appeal against the original demand order issued by the State Tax Officer for FY20, which was subsequently allowed.
- •The company had made a pre-deposit of ₹1.93 crore when filing the appeal and confirmed no further tax, interest, or penalty liability.
- •RITES expects FY28 to be a strong year, with its record ₹9,450 crore order book translating into execution, and aims to cross the ₹10,000 crore order book mark soon.
Key Questions Answered
RITES received a relief of ₹38,30,49,704 against a tax, interest, and penalty demand for the financial year 2019-20 after the appellate authority partially set aside the initial demand order.
The order was passed by the Deputy Commissioner of State Tax in Ahmedabad on September 30, 2026, and was subsequently received by RITES on October 3, 2026.
Subject to applicable law, RITES confirmed that there is no further tax, interest, or penalty liability remaining pursuant to the demand order.
