ESCORTS KUBOTA – GST DEMAND OF ₹43.26 CR DROPPED

• Tax Dispute Update: State Tax Officer, Chennai has dropped the GST demand of ₹43.26 crore along with interest and penalty for FY2018-19 after considering the company’s objections. • Reason for Relief: GST authorities had earlier misclassified agricultural tractors as road tractors and calculated tax on total GST turnover instead of tractor-specific turnover. • Order Date: Relief order passed on 29 December 2025 at 6:17 PM IST. • Status Update: GST demand for FY19 stands fully dropped by the authority after adjudication.