Eternal Limited Receives GST Adjudication Order for Output Tax Short Payment
Eternal Limited has received an order concerning the demand of Goods and Services Tax (GST) relating to a period spanning April 2023 to March 2024. The order was issued by the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh.The adjudication covers alleged short payment of output tax, which includes financial liabilities totaling nearly ten crore rupees. Eternal Limited stated that it believes it has a strong case on merits regarding the matter.
The details of the GST demand received on June 09, 2026, encompass the following financial components:
| Category | Amount (INR) |
|---|---|
| GST Demand | 6,48,72,000/- |
| Interest | 2,49,53,504/- |
| Penalty | 64,87,200/- |
The demand order was passed under Section 73 of the Central Goods and Services Tax Act, 2017, and the Andhra Pradesh Goods and Services Tax Act, 2017.
In response to the outcome, Eternal Limited plans to appeal the order before the appropriate authority. The company confirmed that it does not expect any financial impact on the business operations due to this matter, given its belief in the merits of its case.
ETERNAL Stock Price Movement
Shares of ETERNAL LIMITED settled lower today, slipping by 2.36% to close at ₹239.80 after trading concluded. The equity saw significant activity throughout the session, with over 23.69 million shares being traded.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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