DRAGARWQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dr Agarwals Eye Hospital has disclosed a tax demand of around ₹4.11 crore and a penalty of around ₹4.10 crore from the Office of the Principal Commissioner of CGST and Central Excise, totaling roughly ₹8.21 crore. The order, received on February 4, 2025, relates to alleged GST discrepancies in FY 2018-19, including ineligible Input Tax Credit, non-payment under Reverse Charge Mechanism, excess ITC claims, non-reversal of credit notes, and short payment of tax. The company says it is examining the order and plans to file an appeal. The disclosure itself was made on April 25, 2025, about 2.5 months after receiving the order, which the company acknowledged as an inadvertent delay.
The ₹8.21 crore combined demand and penalty is material but not large enough to severely impact the listed entity. Since the company intends to appeal, the actual outflow depends on the appeal outcome. Investors should monitor the appeal progress and any further tax demands, as additional GST issues for older years could surface.