GST appeal order cuts demand from Rs 11.83 Crore to Rs 8.11 Lacs
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Rashi Peripherals has received a GST appeal order from the Maharashtra tax department dated 7 Nov 2025 in a case related to FY 2017-18. The original demand of Rs 11.83 crore has been substantially reduced to Rs 8.11 lacs including interest and penalty. The company had filed an appeal against the December 2023 demand order, and the revised amount covers GST of Rs 3.12 lacs, interest of Rs 4.68 lacs and penalty of Rs 31,208.
Positive outcome for shareholders; tax liability cut by over 99 percent, removing a major overhang on the stock.