StockWatch
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Heavy Electrical Equipment
Legal24 Jul 2026, 06:51 pm

Skipper Ltd Wins Appeal Against CGST Demand of ₹10.2 Cr

AI Summary

Skipper Ltd has received a favorable order from the Principal Commissioner (Appeals) CGST & CX, Appeal -I, Kolkata. The appeal filed by the Appellant-Department against the order that had dropped a tax demand of ₹10,21,17,234 concerning alleged differences in unbilled revenue for FY 2017-18 and FY 2018-19 has been set aside. This development effectively upholds the earlier decision to drop the proceedings, providing relief to the company.

Key Highlights

  • CGST appeal filed by the department has been set aside.
  • Original tax demand of ₹10.21 Cr for FY18-19 is dropped.
  • Company receives favorable ruling from Commissioner (Appeals).
  • Legal proceedings related to unbilled revenue concluded positively.