Regaal Resources Limited has informed the Exchange about Action(s) taken or orders passed by the GST Appellate Authority
REGAAL · price
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Regaal Resources received a favorable Final Order dated May 21, 2026 from the Additional Commissioner of State Tax (Appeals), Bihar, quashing the entire GST demand of Rs. 2,17,33,500. The demand comprised tax of Rs. 1,22,21,214, interest of Rs. 82,49,319, and penalty of Rs. 12,62,967 for FY 2021-22. The company had challenged the original demand order (received earlier) by filing an appeal, which has now been decided in its favor. The disclosure states there is no financial impact as no amount is payable and no liability survives.
Positive outcome for the company — the entire GST demand has been eliminated with no financial liability. This removes uncertainty and potential cash flow risk for shareholders.