Rathi Steel & Power reportedly received a ₹59.44 lakh GST demand order from the Office of the Additional Commissioner, GST & Central Excise, Rourkela Commissionerate. The order is reported to concern interest on delayed GST payments for January 2021 under Section 74 of the CGST Act, 2017. The company disputes the demand and said it would consider legal remedies; no appeal, stay or final outcome has been confirmed.
What the reported GST demand covers
ScanX reported that the order was issued on October 8, 2026, and received by the company on October 9. It concerns interest on delayed GST liability payments for January 2021. The report identifies Section 74 of the CGST Act, 2017, but does not provide the detailed calculation or the authority’s full reasoning.
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ScanX gives the amount as ₹59,44,859, or about ₹59.44 lakh. Another outlet rounded it to ₹59.45 lakh; these are alternative roundings of the same reported demand, not separate orders. The precise figure and other current-event details are attributed to ScanX because the underlying October 2026 company or exchange filing was not available for verification.
How the company responded
As reported by ScanX, Rathi Steel & Power said it could foresee “no material impact on its financial, operational, or other activities,” described the demand as “not maintainable,” and said it would “explore appropriate legal remedies to contest the order as necessary.” These are the company’s stated position and assessment, not an independent determination of the dispute’s merits or financial effect.
The reported demand is not the same as a confirmed final cash outflow. The available reporting does not establish that the company has filed an appeal, obtained a stay, or overturned the order. It also does not quantify any effect on earnings.
Why this is different from Rathi Steel’s earlier Rourkela case
The current reported order should not be confused with a separate Rourkela GST proceeding disclosed by the company in 2025. The earlier matter involved alleged excess or ineligible input tax credit under Section 73, with a demand of ₹2,57,90,498 plus a 10% penalty and applicable interest. In a January 7, 2026 filing, the company said an appellate order dated January 6, 2026 had allowed its appeal and dropped that demand, penalty and interest.
| Proceeding | Reported subject and provision | Amount and status |
|---|---|---|
| Current order, received October 9, 2026 | Interest on delayed GST payments for January 2021; Section 74, according to ScanX | ₹59,44,859 reported by ScanX (about ₹59.44 lakh); no appeal or stay confirmed in the available reporting |
| Earlier Rourkela proceeding | Alleged excess or ineligible input tax credit; Section 73, according to the company’s filings | ₹2,57,90,498 plus 10% penalty and applicable interest; company said the appeal was allowed and the demand, penalty and interest were dropped |
What remains unclear
The current order’s detailed legal basis, interest calculation and precise allegations are not set out in the available report. Its subsequent procedural status is also unconfirmed. Until an appeal outcome or other official update is established, the reported order and the company’s stated intention to contest it are the clearest supported account of the matter.
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