Flair Writing Industries Limited has informed the Exchange about General Updates
FLAIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Flair Writing Industries has informed exchanges that CGST authorities have dropped proceedings against the company under Section 74 of the CGST Act, 2017. Earlier in June 2025, the company had received a show cause notice disallowing Input Tax Credit of Rs. 27.54 lakh for FY 2018-19, with potential tax of Rs. 13.77 lakh and equal penalty. After submitting documents and a reply, the tax department has now dropped the proceedings entirely. The company has stated there is no material financial or operational impact from this development.
Positive outcome for shareholders — the company has successfully defended itself against the GST demand, avoiding a potential liability of around Rs. 27.54 lakh. No material financial impact, so neutral to marginally positive for the stock.