
Tax & Penalty1 Sept 2026, 04:41 pm
Megastar Foods to Appeal GST Order on ₹1.74 Cr Demand
AI Summary
Megastar Foods Ltd has announced its intention to file an appeal before the GST Appellate Tribunal concerning an Order-in-Appeal dated August 31, 2026. This order reduced a previous demand of ₹1,82,82,724 to ₹1,74,12,117 after extending a cum-tax benefit. The company also noted that the Department's appeal against the dropping of a ₹6,22,93,620 demand was rejected on both limitation and merits. Megastar Foods stated there is no immediate financial or operational impact, with the full assessment to be made after the GST Appellate Tribunal's decision. This disclosure is made under Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Company to appeal GST Appellate Tribunal on ₹1.74 Cr demand.
- Department's appeal against ₹6.22 Cr demand rejection upheld.
- No immediate financial or operational impact reported.
- Further assessment pending tribunal's final order.
Price Impact
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