Ramco Industries Limited has informed the Exchange about General Updates
RAMCOIND · price
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Awaiting price reaction for this filing.
Ramco Industries had earlier been ordered by its GST range officer to pay Rs. 6,11,715 in GST plus interest and a penalty of Rs. 75,226 (Rs. 0.75 lakh) for FY 2020-21, because one of its suppliers had not filed GSTR-3B returns or remitted their GST portion. The company filed an appeal on 27 March 2025, and the Joint Commissioner (Appeals-I), Commissionerate North, Tamil Nadu, has now allowed the appeal in favor of Ramco Industries via order dated 4 November 2025. As a result, the company is entitled to a refund of the GST amount it had paid. The financial impact of the original penalty was small at around Rs. 0.75 lakh, and the favorable ruling removes this liability.
Positive for shareholders — the company has won the GST appeal and will receive a refund, resolving a small but pending tax dispute in its favor with no material financial impact on earnings.