Adani Enterprises slapped with penalty for inaccurate ITC claims in Maharashtra.

Adani Enterprises has received a penalty of Rs 20,000 from the Deputy Commissioner of State Tax, Maharashtra, due to an alleged mismatch in input tax credits availed in the 2020-21 fiscal year. The company has received the order on December 4, 2024, and claims that the penalty will have no material impact on its financials, operations, or activities. Adani Enterprises is filing an appeal against the order. The company made the disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The GSTR-2A is a purchase-related document provided by the GST portal to each registered business, and the alleged mismatch refers to the difference between the input tax credits availed and the GSTR-2A statement. The company is taking steps to file an appeal against the order and has stated that the penalty will not have a significant impact on its business operations.