Eternal Limited has informed the exchange regarding 3 orders received from Joint Commissioner, Appeals-4, Bengaluru
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eternal Limited has received 3 GST orders from the Joint Commissioner (Appeals-4), Bengaluru for the period July 2017 to March 2020. The total confirmed demand is ₹17.19 crore in GST, ₹21.42 crore in interest, and ₹1.72 crore in penalty — adding up to roughly ₹40.33 crore. The orders relate to alleged short payment of output tax and excess claim of input tax credit under the Central and Karnataka GST Acts. The company plans to file appeals before the appropriate authority, stating it has a strong case supported by legal opinion.
The company does not expect any financial impact as it intends to appeal, and the amounts are relatively small compared to Eternal's overall scale. This is a regulatory tax dispute and unlikely to move the stock significantly unless the appeal outcome goes against the company.