Intimation regarding orders passed by the GST Department
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Awaiting price reaction for this filing.
Raj Packaging Industries has received GST orders from the Assistant Commissioner (ST), Aghapura Circle, Hyderabad, dated April 25, 2025. The orders, issued under Section 73 of the GST Act, allege mismatches in RFID details on certain bills and that the company claimed ineligible Input Tax Credit (ITC). For FY 2021-22, the demand is Rs. 56.11 lakhs as tax plus Rs. 5.61 lakhs as penalty. For FY 2022-23, the demand is Rs. 60.50 lakhs as tax plus Rs. 6.05 lakhs as penalty, taking the total liability to about Rs. 1.28 crores. The company has stated that the order is without merit and expects a favorable outcome at the appellate level. It plans to file an appeal and has told the exchange there is no material financial or operational impact.
The total tax plus penalty demand of roughly Rs. 1.28 crores is modest for the company, and management is contesting it. Investors should track the appeal outcome, as an unfavorable ruling could pressure margins, but near-term impact on the stock is likely limited given the small size of the demand relative to operations.