Shipping Corporation of India Receives Revised State Tax Order of ₹60.07 Crore
Mumbai, 13 March 2026: The Shipping Corporation of India Limited has received a revised order from the Joint Commissioner of State Tax (Appeal-VI), Mumbai, regarding its ongoing tax appeal. The revised demand amounts to ₹60.07 crore, including a tax component of ₹29.09 crore along with applicable interest and penalties.
The demand arises from a mismatch of Input Tax Credit (ITC) with GSTR-2A, and follows the company’s earlier appeal against the order issued by the Deputy Commissioner of State Tax, reviewed by the Joint Commissioner (Appeal-IV). SCI is currently evaluating all possible options to contest the revised demand, including filing further appeals, and remains confident about the strong merit of its case.
Key Highlights:
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Entity: The Shipping Corporation of India Limited (SCI)
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Date of Order: 11 March 2026
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Amount Involved: ₹60,06,97,387 (tax + interest + penalty)
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Reason for Demand: Mismatch of Input Tax Credit (ITC) in GSTR-2A
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Next Steps: SCI is reviewing the order and evaluating all legal options for appeal
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Regulatory Compliance: Disclosure made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Smt. Swapnita Vikas Yadav, Company Secretary and Compliance Officer of SCI, confirmed that the company is taking a proactive approach to mitigate any financial and operational impact, and remains committed to full compliance with tax regulations while safeguarding stakeholder interests.
About The Shipping Corporation of India Limited:
The Shipping Corporation of India Limited is a public sector undertaking under the Ministry of Ports, Shipping and Waterways, engaged in the transportation of cargo and bulk commodities. SCI operates a fleet of vessels across national and international routes and complies with all statutory and regulatory requirements for safe and efficient maritime operations.