Hyundai Motor India Ltd (HMIL) has received a tax demand and penalty order totalling ₹517.34 crore from the Commissioner (Appeals), Central GST Department, Tamil Nadu, the company said in a stock exchange filing on Tuesday.
The order pertains to alleged short payment of GST compensation cess on certain SUV models sold between September 2017 and March 2020.
“The company has received an order from Commissioner (Appeals), CGST Department, Tamil Nadu, confirming GST Compensation Cess demand of ₹258.67 crore along with a penalty of ₹258.67 crore on the allegation of short payment of GST Compensation Cess on certain SUV models,” the filing stated.
The order was received by Hyundai via email on July 21, 2025 in the evening.
The company said the order does not have any financial, operational or other impact at this stage. HMIL is currently reviewing the matter and plans to file an appeal.
The company reaffirmed its commitment to legal compliance and expressed confidence in its legal position.
