AVRO INDIA LIMITED has informed the Exchange about Action(s) taken or orders passed
AVROIND · price
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Avro India Limited received a GST demand notice of Rs. 1,24,656 from the Assistant Commissioner of the GST Department in Barabanki, Uttar Pradesh, dated May 27, 2025. The demand was raised under Section 31 of the UPGST Act, 2017 and Rule 48 of the UPGST Rules, 2017, for declaring a discount on a debit note by a distributor. The company has already paid the full demanded amount on the same date via challan. The company has stated that its operations are not affected by this order.
This is a minor tax compliance matter with a negligible financial impact (Rs. 1.24 lakh) and has already been settled by the company. It is unlikely to have any material effect on the stock price or shareholder value.