Tax & Penalty10 Jun 2026, 04:09 pm
Eternal Ltd Receives GST Demand Order of ₹6.48 Cr
AI Summary
Eternal Ltd has received an adjudication order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh, for the period April 2023 to March 2024. The order confirms a Goods and Services Tax (GST) demand of INR 6,48,72,000, along with interest of INR 2,49,53,504 and a penalty of INR 64,87,200. The company believes it has a strong case on merits and intends to file an appeal against this order before the appropriate authority. Eternal Ltd stated that it does not expect any significant financial impact from this order.
Key Highlights
- Received GST demand order for ₹6.48 Cr plus interest and penalty.
- Order pertains to the period April 2023 to March 2024.
- Company plans to appeal the order, citing a strong case on merits.
- No significant financial impact is expected by the company.
Price Impact
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