Appellate authority sets aside Rs 9.12 crore GST demand

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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AI summary

The Surat Appellate Authority set aside a Goods and Services Tax demand of Rs 9,12,17,065, plus interest and penalties, received on October 17, 2025. It related to IGST refunds on export supplies for financial years 2017-18 through 2021-22. The company said there is no financial or operational impact.

Likely market impact

Positive: the Rs 9.12 crore demand, interest and penalties are set aside, reducing financial risk. The company reports no current impact.