New Delhi: India’s most valuable company, Reliance Industries, has received a notice from the GST department demanding a payment of ₹56.44 crore. The notice was issued by the Joint Commissioner, CGST, Ahmedabad, on 25 November 2025.
Reliance informed the stock exchanges that the notice is related to ‘blocked input tax credit’, which cannot be claimed as a tax benefit. The company stated that the order did not take into account how the service provider had classified the services.
Reliance Industries has announced that it plans to appeal against the order. The notice was received via email on 27 November at 11:04 AM. The fine has been levied under Section 74 of the Central Goods and Services Tax Act, 2017 and Gujarat GST Act, 2017. The company clarified that this penalty will not impact its business operations or other activities, and the financial effect is limited to the amount of the fine.
Stock Performance
Reliance shares had recently touched a 52-week high. On Friday, the stock opened slightly lower but quickly recovered. As of 10:10 AM, Reliance shares were trading on the BSE at ₹1,577.85, up 0.91%, compared to the previous close of ₹1,563.55. Early trading saw a low of ₹1,562.35 and a high of ₹1,579.
The GST notice and subsequent appeal are being closely watched by investors, but the company remains confident that its financial fundamentals and operations will remain unaffected.
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