Megastar Foods Limited Faces Appeals Before Commissioner (Appeals) Regarding Demands
Megastar Foods Limited is currently involved in appeal proceedings before the Office of the Commissioner (Appeals), Central Goods & Services Tax Appeals Commissionerate, Ludhiana. The company is responding to a communication received regarding two distinct matters concerning tax demands and appeals.The matter involves an appeal filed by the Department before the Commissioner (Appeals) against the vacating or dropping of a demand totaling Rs. 6,22,93,620/-. Concurrently, Megastar Foods Limited has also appealed to the Commissioner (Appeals) regarding the confirmation of a demand amounting to Rs. 1,82,82,724/ along with related interest and penalty.
The company received the direction from the Office of the Commissioner (Appeal) on 29/06/2026, granting it an opportunity to file a counter reply in relation to these appeals.
Details regarding the ongoing appeal matters are summarized below:
| Particulars | Detail |
|---|---|
| Name of Authority | Office of the Commissioner (Appeals), Central Goods & Services Tax Appeals Commissionerate, Ludhiana |
| Nature of Matter 1 | Appeal filed by the Department against vacating/dropping a demand of Rs. 6,22,93,620 |
| Nature of Matter 2 | Appeal filed by the Company against confirmation of a demand of Rs. 1,82,82,724/- along with interest and penalty |
The company stated that there is no immediate financial or operational impact on Megastar Foods Limited from this development. The assessment of any financial and operational impact can only be determined after the Commissioner (Appeal) passes a final order in the matter.
MEGASTAR Stock Price Movement
As of 11:49 AM, shares of Megastar Foods Limited are rallying strong, climbing by 1.43% to reach ₹361.35. The ascent continues amid a trade volume of 17,448 shares as the equity posts an impressive performance having previously touched its 52-week peak.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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