Tax & Penalty3 Jun 2026, 12:54 pm
Refex Industries GST Demand of ₹35.29 Lakhs Quashed
AI Summary
Refex Industries Ltd has announced that the Joint Commissioner (Appeals), Central GST, Raipur has quashed a Goods and Services Tax (GST) demand of ₹35,29,002/- for the Financial Year 2021-22. The demand comprised a tax liability of ₹31,90,002/- and a penalty of ₹3,39,000/-. The company had filed an appeal against the demand raised by the Assistant Commissioner, CGST & Central Excise, Raipur. The Appellate Authority's order, received on June 02, 2026, nullifies the entire demand, providing significant relief to the company.
Key Highlights
- GST demand of ₹35.29 Lakhs for FY 2021-22 has been quashed.
- The demand included tax liability and a penalty amount.
- The company successfully appealed the decision at the Joint Commissioner (Appeals) level.
- This ruling provides financial relief and removes a contingent liability.
Price Impact
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