VSTTILLERS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VST Tillers Tractors Ltd has clarified its earlier disclosure about a final assessment order under Section 73 of the GST Act, 2017 issued by the Assistant Commissioner, GST, Tamil Nadu. The order, dated 28th March 2026, was received by the company on 2nd April 2026. Notably, the final demand has been reduced to ₹37.30 lakhs from the initial demand of ₹6,736.73 lakhs, following the company's submissions and representations. The company states the delay in disclosure was neither deliberate nor intentional. The amount will be adjusted against appeal deposit.
The clarification confirms minimal financial impact of ₹37.30 lakhs for shareholders. The significant reduction in the GST demand from ₹6,736.73 lakhs to ₹37.30 lakhs is a positive development for the company.