Order of Joint Commissioner (Appeals), Central GST (Appeals), Raipur, Chhattisgarh ( AppellateAuthority ) Quashing of GST Demand of Rs. 35,29,002/- for FY 2021 22
REFEX · price
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The Joint Commissioner (Appeals), Central GST, Raipur, Chhattisgarh has quashed a GST demand of Rs. 35,29,002 raised against Refex Industries Limited for FY 2021-22. The company had appealed against this demand, and the appellate authority ruled in its favor, effectively cancelling the tax liability. This brings closure to the FY 2021-22 GST dispute at the first appellate level. The amount involved is roughly Rs. 35 lakh, which is relatively modest in the context of the company's overall scale.
Positive for shareholders — the company has secured relief from a pending tax demand, removing a financial liability that had been hanging over it. While the absolute amount is small, the outcome removes uncertainty and may modestly improve sentiment.