GST Appeal Allowed - Liability Reduced by Rs. 2.17 Crore
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Olympic Cards won its GST appeal for FY 2018-19 before the Deputy Commissioner (ST) Appeals, Chennai. The appeal petition of Rs. 2,17,22,955 was allowed, reducing the company's total GST liability by about Rs. 2.17 crore covering tax, interest, and penalty under IGST, CGST, and SGST. Other tax appeals remain pending, including GST for FY 2018-19 of about Rs. 128.37 lakh and Income Tax for FY 2012-13 and 2013-14 of about Rs. 70.89 lakh.
Positive. A Rs. 2.17 crore GST liability is reversed, easing the company's tax burden, though other tax appeals worth about Rs. 1.99 crore are still pending.