Won GST appeal, demand of about 3.32 Cr set aside, no financial hit
ANUP · price
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The Anup Engineering Ltd won its appeal before the Appellate Authority against a GST order originally dated February 2025. The Gujarat GST department had raised a demand of Rs 1.33 Cr for ineligible input tax credit, Rs 0.33 Cr for IGST on ocean freight, a Rs 1.66 Cr penalty, plus interest. The Appellate Authority allowed the company appeal and set aside the original order, so there is no impact on the company financials. Total demand quashed is about Rs 3.32 Cr plus interest.
Positive for shareholders. A potential tax liability of about 3.32 Cr plus interest has been fully set aside, removing a risk overhang on earnings.