Petronet LNG challenges ₹6.69 bn tax demand from trade and taxes department

Petronet LNG Limited announced on December 11, 2025, that it has received a demand order from the Department of Trade and Taxes, Office of the Assistant Commissioner / GSTO, New Delhi. The order, dated December 10, 2025, pertains to the financial year 2021-2022 and raises a tax demand under Section 73 of the Goods & Services Tax Act, 2017.

The total demand amounts to ₹6,69,44,960/-, which includes a penalty of ₹37,77,581/- and interest of ₹2,53,91,560. The alleged violations are related to an "Excess Claim of ITC" and "Under declaration of ineligible ITC."

Petronet LNG asserts that, based on its assessment of facts and prevailing law, the levied GST demand, interest, and penalties are unjustified. The company plans to take appropriate legal action against the order in consultation with its advisors. The company states there is no likely material impact on its financial or operations due to this order.