Megastar Foods Limited has informed the Exchange about General Updates
MEGASTAR · price
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Awaiting price reaction for this filing.
Megastar Foods has filed an appeal on April 18, 2025 with the GST Appellate Authority in Ludhiana under Section 107 of the CGST Act, 2017. This is a follow-up to an earlier order dated January 27, 2025 (Form GST DRC 07), where the tax authorities alleged that the company had not paid GST within prescribed due dates on certain supplies of goods and services. The company has stated there is currently no financial or operational impact from this matter. However, they are hopeful that the appellate authority will interpret the law in their favour and drop the demand on merits.
No immediate financial or operational impact on the company. However, if the appeal fails, there could be a future tax liability plus interest and penalties. Investors should monitor the outcome of the appellate hearing for any potential financial hit.