Escorts Kubota Share Price in Focus; Receives ₹2.44 Crore GST Tax Demand for FY23

In an exchange filing dated August 22, 2026, Escorts Kubota Limited announced that it had received an order from the Chennai (South) GST authority over an input tax credit reconciliation matter for FY23. 

₹2.44 Crore Tax Demand 

The GST authority has confirmed a tax demand of ₹2,44,46,239. The order also includes interest of ₹1,71,19,066 and a penalty of ₹24,44,624. 

The amounts are linked to the issue of input tax credit reconciliation for FY23, as stated in the company's exchange filing. 

Order Received on August 21, 2026 

The company received the order on August 21, 2026.  The Assistant Commissioner of GST, Chennai (South), has been named as the authority that passed the order. 

Company Plans to Challenge Order 

Escorts Kubota said it intends to file an appeal before the appellate authority against the order. 

The company did not provide further details about the proposed appeal in its filing. It also did not specify a date by which the appeal would be submitted. 

Details Disclosed to Stock Exchanges 

The disclosure was made under Regulation 30 of the SEBI Listing Regulations. The filing includes details of the tax demand, interest, and penalty arising from the order. 

In its annexure, the company listed these amounts as the financial impact of the action, to the extent quantifiable in monetary terms. 

Read More: Wonderla Holidays Share Price Up Over 6%; Receives ₹15.73 Crore GST Show Cause Notice! 

Escorts Kubota Share Price Performance  

As of August 21, 2026, 3:30 pm, Escorts Kubota Ltd share price closed at ₹3,087.00, a 0.16% decrease from the previous closing price. 

Conclusion 

The GST order against Escorts Kubota relates to input tax credit reconciliation for FY23 and includes a tax demand of ₹2.44 crore, along with interest and penalty. The company has said it will file an appeal against the order. 

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