Eternal Limited has filed with Exchange order received from Additional Commissioner of State Tax (Appeals), West Bengal.
ETERNAL · price
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Awaiting price reaction for this filing.
Eternal Limited has received an order dated 6 January 2026 from the Additional Commissioner of State Tax (Appeals), West Bengal, confirming a GST demand of about ₹1.92 crore for the period April 2019 to March 2020. The order also includes interest of about ₹1.58 crore and a penalty of around ₹19.24 lakh, taking the total potential outflow to roughly ₹3.7 crore. The demand relates to alleged short payment of output tax under GST. The company has stated it believes it has a strong case on merits, backed by its external legal and tax advisors, and will be filing an appeal before the appropriate authority.
The total demand of ~₹3.7 crore is small relative to Eternal's size and is unlikely to materially affect the stock price. Investors should note the company is contesting the order, so the actual financial impact is contingent on the appeal outcome.