Intimation of Ho''ble High Court Stay Order on recovery proceedings initiated by Office of Deputy Commissioner under CGST.
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The Allahabad High Court has stayed recovery proceedings that the GST department had started against Rathi Steel & Power Ltd. The tax demand from the Deputy Commissioner of Ghaziabad was for about ₹58.22 lakhs, with a penalty of a similar amount and applicable interest. The demand relates to the reversal of GST on certain invoices that the company had claimed as input tax credit (ITC). The company had filed a writ petition challenging this demand, and the court has put the recovery on hold until further hearing. The order was passed on April 29, 2025 and received by the company on April 30, 2025.
This is a positive development for shareholders as the company has got temporary relief from a tax demand that, including penalties and interest, could have run into over ₹1 crore. The company has stated there will be no material impact on its financial position or operations, suggesting the amount is not significant relative to its size.