Supreme Court Halts ₹79 Crore IRCON VAT Demand Awaiting Special Leave Petitions

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Supreme Court Stays IRCON International's ₹79 Crore VAT Demand

Supreme Court Stays IRCON International's ₹79 Crore VAT Demand

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CNBC TV18•17-03-2026, 22:18

Supreme Court Stays IRCON International's ₹79 Crore VAT Demand

•IRCON International received a stay from the Supreme Court on VAT demands totaling approximately ₹78.64 crore.
•The stay covers fiscal years 2010-11 to 2016-17 (excluding 2011-12) related to the Ganga Bridge project.
•This follows a Patna High Court judgment upholding VAT demands, which IRCON challenged.
•The Supreme Court issued notices to the VAT Department and stayed the Patna High Court judgment.
•IRCON reported a Q3 net profit of ₹99.9 crore, up 15.97%, despite an 18.9% decline in revenue.

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