LG Electronics India Share Price in Focus; GST Authority Drops ₹116.72 Crore Tax Demand

LG Electronics India Limited has received an order from the Joint Commissioner, GST Corporate Circle-2, Greater Noida, Uttar Pradesh, in connection with a show cause notice issued for FY2021-22. 

The GST Authority has adjudicated the matter in favour of the company and dropped the proposed tax demand of ₹116.72 crore, including penalty.  

GST Authority Drops ₹116.72 Crore Demand 

The order pertains to a show cause notice issued under Section 74 of the CGST Act, 2017 and the applicable provisions of the Uttar Pradesh GST Act, 2017. 

The proposed demand of ₹116.72 crore comprised principal tax of ₹58.36 crore and an equivalent penalty of ₹58.36 crore. The authority has now dropped the entire demand.  

Case Related to Input Tax Credit 

The show cause notice had alleged excess availment of Input Tax Credit (ITC) during FY2021-22 based on reconciliation differences between GST returns. 

Following adjudication, the GST Authority ruled in favour of LG Electronics India and dismissed the allegations.  

No Material Financial Impact 

LG Electronics India stated that the order will have no financial, operational or other material impact on the company. 

The order was received by the company on July 1, 2026.  

Read More: Baazar Style Retail Share Price Hits 5% Upper Circuit as it Reports 29% YoY Revenue Growth in Q1 FY27! 

LG Electronics India Share Price Performance 

As of 02 July 2026, LG Electronics India share price was closed at ₹1,567.90 per share, reflecting a surge of 0.73% from the previous trading session. 

Conclusion 

LG Electronics India has secured relief after the GST Authority dropped a proposed tax demand of ₹116.72 crore, including penalty, for FY2021-22. The company said the order has no material financial or operational impact.  

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