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

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-0.6% vs market

Breweries & Distilleries peers, median of 25sector+0.1%+0.4% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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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.