V-Guard Industries Limited has informed the Exchange about Action(s) initiated or orders passed
VGUARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
V-Guard Industries has received two GST demand orders from the Commercial Tax Officer in Coimbatore, Tamil Nadu, both dated April 28, 2025. The orders, issued under Section 74 of the CGST Act, relate to non-generation of e-waybills for credit notes issued in FY 2019-20 and FY 2020-21. The total demand amounts to about ₹1.17 crore, comprising ₹72.30 lakh for FY 2019-20 and ₹44.75 lakh for FY 2020-21, with equal splits between tax and penalty. Interest is applicable but has not yet been quantified in the orders.
The financial impact is relatively small compared to the company's overall size and is unlikely to materially affect operations, though the company will likely contest these orders. Shareholders should watch for further updates on whether V-Guard chooses to appeal and any additional interest or penalties imposed.