Reliance Industries to appeal Rs 56.44 crore GST penalty

Reliance Industries Limited (RIL) announced today the receipt of an order dated November 25, 2025, from the joint commissioner, CGST, Ahmedabad, imposing a penalty of Rs 56.44 crore. The penalty stems from Section 74 of the Central Goods and Services Tax Act, 2017, the Gujarat Goods and Services Tax, 2017, and applicable provisions of the Integrated Goods and Services Tax Act, 2017.

The order interprets input tax credit as falling under "blocked credit," disregarding the classification of services by the service provider. RIL stated its intention to file an appeal against this order.

The company clarified that the financial impact is limited to the penalty levied, with no anticipated impact on its operations or other business activities. RIL received intimation of the order on November 27, 2025.