Announced Tue, 30 Jun · 11:34 IST
Megastar Foods: update on GST appeal before Commissioner (Appeals), Ludhiana
Regulatory & Legal View source PDF
MEGASTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹361.85
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AI summary
Company disclosed a GST-related appeal update. The tax Department has appealed against dropping of a demand of about Rs 6.22 crore. The company has separately appealed against confirmation of a demand of about Rs 1.83 crore plus interest and penalty. The Commissioner (Appeals), Ludhiana has given the company an opportunity to file a counter reply. The company states there is no immediate financial or operational impact; final impact can be assessed only after the order is passed.
Likely market impact
No immediate financial impact per the company. Outcome of the GST appeal is pending and could affect financials once decided.