the company has filled appealed before Vat authority of Rs 28.29 Lakhs and same has been allowed by the appellate authority vat. Detail are the given under Letter attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashnoor Textile Mills has won an appeal before the Joint Excise and Taxation Commissioner (Appeal), Gurugram, for a VAT refund of Rs. 28.29 Lakhs related to financial year 2013-2014. The order was passed on April 9, 2025, and received by the company on April 25, 2025. The appellate authority has directed the assessing authority to grant the refund in accordance with law. The amount was already shown as receivable in the company's books, so there will be no impact on the balance sheet other than realization of an old receivable. The company has disclosed this under Clause 30 of SEBI LODR Regulations, 2015.
Positive but minor — the company will receive Rs. 28.29 Lakhs as cash inflow from a long-pending VAT receivable. Since it was already booked, the only real impact is conversion of an old receivable into actual cash, slightly improving liquidity.