GST appeal update: company to challenge reduced demand of Rs. 1.74 crore
MEGASTAR · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.2 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Megastar Foods received an Order-in-Appeal from the CGST Commissioner (Appeals), Ludhiana on Aug 31, 2026. The original GST demand of Rs. 1.83 crore was reduced to Rs. 1.74 crore after cum-tax benefit. In a positive development, the tax department's appeal against dropping of a separate Rs. 6.23 crore demand was rejected on both limitation and merits. The company now plans to file a further appeal before the GST Appellate Tribunal against the remaining Rs. 1.74 crore demand. No immediate financial or operational impact is expected.
Partial relief on Rs. 6.23 crore demand is favorable; remaining Rs. 1.74 crore is still under appeal, so uncertainty continues.