VST Industries Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
VST Industries has received an order from the Commissioner of Central Tax, Secunderabad GST Commissionerate, Hyderabad, demanding Rs. 1,54,41,785 (about Rs. 1.54 crore) along with interest and penalty. The order relates to alleged irregular availment of Cenvat credit on input services under the Cenvat Credit Rules, 2004 read with the Central Excise Act, 1944. The order was received on April 11, 2025. The company has stated that it is evaluating its options and plans to file an appeal against the order.
The financial impact is limited to the Rs. 1.54 crore demand, which is small relative to VST Industries' size, and the company says there is no material impact on its operations. Shareholders should note the tax dispute but it is unlikely to move the stock significantly; the appeal outcome will be the key thing to watch.