Apollo Tyres Faces GST Penalty for E-way Bill, Says No Major Financial Impact
Apollo Tyres Ltd has informed the stock exchanges about a recent order it received from the Haryana tax authorities. The order passed under GST Act levies a penalty of Rs 15.10 lakh.
Background of Case
In a regulatory filing dated April 14, 2026, Apollo Tyres said that the GST penalty relates to a dispute regarding the E-way Bill. It is a key document required when transporting goods worth over Rs 50,000.
Key Details of Order
| Particulars | Details |
| Authority | Assistant Excise and Taxation Officer, Haryana (GST) |
| Penalty Amount | Rs 15.10 lakh |
| Receipt Date of Order | April 13, 2026 |
Financial Impact
Apollo Tyres has assured that it remains unaffected by the penalty. According to its disclosure, there is no material impact on its financial operations or other activities.
Next Step of Company
The company has said it will challenge the order by filing an appeal before the appropriate appellate authority.
Company’s Disclosure Compliance
The above disclosure was given by Apollo Tyres Ltd to the NSE and BSE, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
