GST dispute resolved favorably, no tax demand payable
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Kovilpatti Lakshmi Roller Flour Mills received a GST order from the Tirunelveli tax authorities accepting its reply to a discrepancy notice for Assessment Year 2022-23. The original notice had flagged Rs 46,582 in RCM tax, Rs 172.57 crore in exempted turnover, Rs 1.57 crore in Input Tax Credit, and Rs 34.54 lakh in allegedly ineligible ITC. All defects were dropped, proceedings concluded, and no tax demand, penalty, or interest is payable. No financial impact on operations.
Positive outcome - tax dispute resolved in company's favor with zero financial liability