Ethos Ltd GST Appeal Dismissed, ₹26.51 Lakh Demand Upheld

Ethos Ltd has received an order from the GST Appellate Authority, Noida, dismissing its appeal for FY 2018-19 and FY 2019-20. The order upholds a demand of ₹13.26 lakh in tax and an equal amount as penalty under Section 74 of the CGST Act, 2017, totaling approximately ₹26.51 lakh before interest. The company believes it has a strong case and is evaluating further legal remedies, including an appeal to a higher authority. Ethos Ltd stated that the order does not have any material impact on its financial, operational, or other activities.