Sula Vineyards loses GST appeal; ~₹8.12 crore demand upheld

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SULA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+1.8%1-day move

₹157.12

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₹157.52

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AI summary

Sula Vineyards lost its GST appeal before the Commissioner (Appeals), Nashik, with the order dated 29 May 2026. The original GST demand of ~₹4.02 crore for FY2017-18 to FY2021-22 was upheld, along with a penalty of ~₹4.10 crore, taking the total to ~₹8.12 crore (excluding interest). The disputes involve GST rate differential (5% vs 18%) on restaurant services and GST on corporate guarantees. The company plans to appeal further to the GST Appellate Tribunal (GSTAT) and expects a favourable outcome.

Likely market impact

Negative — ~₹8.12 crore tax plus penalty demand upheld. Further appeal pending at GSTAT; potential cash outflow if it fails.