LT Foods Limited has informed the Exchange about Action(s) initiated or orders passed by Commissioner of CGST (Appeals-II), Delhi.
LTFOODS · price
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LT Foods has informed the exchanges that the Commissioner of CGST (Appeals-II), Delhi has allowed a departmental appeal and set aside an earlier favourable order that had dropped a GST demand of ₹32.41 crore against the company. As a result, the full GST demand of ₹32.41 crore has now been confirmed along with applicable interest and penalty under the CGST Act. The demand relates to alleged wrongful availment of GST exemption on rice supplied in plain packaging. The company received the order on February 4, 2026, and plans to file a further appeal before the GST Appellate Tribunal. Based on its legal counsel's advice, LT Foods believes it has strong grounds to challenge the order and has stated that it does not currently foresee any material impact on its financials or operations.
This is a negative development as a significant tax demand of ₹32.41 crore plus interest and penalty has been confirmed against the company, though LT Foods plans to appeal and claims the matter will not materially affect its financial position. Investors should watch for the next round of appeal proceedings, as an unfavourable tribunal outcome could pressure earnings and sentiment.