VST Industries Limited has informed the Exchange about General Updates
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VST Industries Limited has disclosed receipt of a demand order under Section 74 of the CGST Act / Goods and Services Tax Act, 2017 from the Andhra Pradesh GST authority. The order, received on 7 April 2026, demands Rs.73,78,194 (approximately Rs.7.38 million) including penalty. The demand relates to non-payment of refund amounts proportional to the value of exports where export proceeds were not realised within the stipulated time during FY 2020-21 to FY 2023-24 for the State of Andhra Pradesh. The company has stated it does not agree with the demand and will take appropriate appellate action to challenge the order.
The financial impact is limited to Rs.73.78 lakh, which is relatively small for a company of this size. However, it signals a potential tax liability and regulatory risk if the appeal is not upheld.