Megastar Foods Legal & Regulatory
Megastar Foods received a GST order-in-appeal reducing its tax demand to Rs. 1.74 Crore. The company intends to appeal this decision before the GST Appellate Tribunal.
- Value
- ₹1.74 Cr
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Megastar Foods received a GST order-in-appeal reducing its tax demand to Rs. 1.74 Crore. The company intends to appeal this decision before the GST Appellate Tribunal.
Megastar Foods disclosed a GST demand of Rs 6.23 Crore under Regulation 30. The company says there is no immediate financial or operational impact.
Megastar Foods Ltd announced that the Punjab State Agricultural Marketing Board quashed a Rs 73.37 Crore demand from the Market Committee, Rupnagar. The allegations regarding unpaid Market Committee and RDF fees were found baseless. This resolution absolves the company of all financial obligations related to the notice, resulting in no adverse financial impact.