Appellate Body Dismisses Tax Appeal Against Lambodhara Textiles Limited
Lambodhara Textiles Limited has received an appellate order related to a tax demand issued by a Commercial Tax Officer. The appeal was dismissed by the Joint Commissioner of Commercial Taxes (Appeals) under Section 107(11) of the Karnataka Goods and Services Tax Act, 2017.The company initially faced a tax demand that included penalties levied under both Central GST and State GST. The total aggregate demand amounted to Rs. 7,23,902/-.
Key financial details regarding the initial demand are as follows:
| Component | Penalty Amount | Tax Type |
|---|---|---|
| Total Demand | Rs. 7,23,902/- | Aggregate |
| Penalty under CGST | Rs. 3,61,951/- | Central GST |
| Penalty under SGST | Rs. 3,61,951/- | State GST |
After the initial order was received, Lambodhara Textiles Limited paid the required amount and filed an appeal with the Joint Commissioner of Commercial Taxes (Appeals) under Appeal No. APL/GST48L/2024-25.
The appellate decision was delivered on July 2, 2026. Following this outcome, Lambodhara Textiles Limited stated that the order does not have any material impact on the company’s financials, operations, or other activities.
LAMBODHARA Stock Price Movement
Shares of Lambodhara Textiles Limited today slipped by 3.44% to close at ₹112.10, reflecting a decline from the previous close. The stock recorded a volume of 6,744 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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