SRF faces ₹13 lakh tax penalty in Uttarakhand over e-way bill mismatch
- Legal
- Textiles - Synthetic
Reviewed byKeshav SehgalBlacklitt Research
SRF (NSE: SRF) received an order from the Office of State Tax Officer, Uttarakhand, imposing a penalty of ₹12,77,382 over an alleged mismatch between a Delivery Challan and an E-way Bill, it said in a filing on 05 Nov 2026. The company received the order on 04 Nov 2026 at 1.31 p.m. It says the error was clerical and that it will contest the demand.
What the order concerns
The order was passed by the Office of State Tax Officer, Uttarakhand, and imposes a penalty of ₹12,77,382 on SRF. It relates to an alleged mismatch between the particulars in a Delivery Challan and an E-way Bill for goods moved by the company.
SRF's account is that the tax amount was inadvertently shown as Nil in the Delivery Challan, while the E-way Bill accompanying the goods correctly disclosed the GST amount. The company says the movement was made against a taxable invoice and the applicable GST had already been discharged through the corresponding tax invoice.
The company's position and next steps
SRF says the penalty has been paid under protest and that there is no additional tax liability or loss of revenue to the Government. It describes the issue as a procedural or clerical error that does not alter the substance of the transaction.
The company says the demand is not legally tenable and that it will contest it before the appropriate legal forum or forums. The filing does not name that forum or give a filing date. For scale, the penalty of ₹0.1277 crore compares with net profit of ₹509.12 crore reported for the quarter ended 30 Sep 2026.
What the penalty means for SRF's shareholders
The company states that the financial impact is limited to the penalty amount, which it has already paid under protest. The company's own statement is the only account of the impact in the filing.
Not stated: the tax period or transactions the penalty covers, whether the amount paid will be refunded and when, and the outcome of the legal challenge. No further dated step is given in the filing.
At a glance
| Item | Detail |
|---|---|
| Authority | Office of State Tax Officer, Uttarakhand |
| Order received | 04 Nov 2026 at 1.31 p.m. |
| Penalty imposed | ₹12,77,382 |
| Status of penalty | Paid under protest |
| Company's stated position | Demand not legally tenable; to be contested before the appropriate legal forum |
| Filing date | 05 Nov 2026 |
Filed with NSE on . Reference: Original filing (PDF)
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