JKB Financial Services Ltd.

As on : 01-Jan-2026

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01-Jan-2026 10:01

Blue Dart Express spurts as GST demand on subsidiary largely dropped

In a regulatory filing, the company said the adjudicating authority, through an order dated 30 December 2025, set aside about Rs 420.78 crore of the total proposed demand for the period April 2021 to March 2023. The demand had primarily related to issues concerning determination of place of supply and availment of input tax credit under the CGST, TNGST and IGST laws.

The authority has confirmed a residual GST demand of Rs 64.98 lakh, along with applicable interest of Rs 41.71 lakh and a penalty of Rs 6.49 lakh. The company said the tax and interest have been voluntarily accepted and discharged by the subsidiary to avoid prolonged litigation.

Blue Dart Express added that the final order is not expected to have any material impact on the financials, operations, or business activities of the company or its subsidiary.

Blue Dart Express is South Asia's premier express air and integrated transportation & distribution company.

The company's standalone net profit climbed 30.8% to Rs 79.50 crore on 7% increase in net sales to Rs 1,549.33 crore in Q2 FY26 over Q2 FY25.

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