Neptune Logitek Faces Appeal on ₹38.33 Cr Tax Demand

Neptune Logitek Ltd has disclosed that the GST Authority has filed an appeal against the company concerning an earlier order that dropped a demand for Service Tax and CENVAT. The original demand was for ₹26,77,31,248 in Service Tax and ₹11,55,88,870 in CENVAT. The company was notified of this appeal on June 4, 2026. While the appeal has been filed, Neptune Logitek states there is no immediate impact on its operations, and the financial implications are currently unascertainable, depending on the appeal's outcome.