Neptune Logitek Faces Appeal Over Service Tax and CENVAT Demand
Neptune Logitek Ltd is currently dealing with a tax dispute as an authority has appealed a previous order concerning service tax and CENVAT demands related to the company. The appeal challenges an earlier decision by Commissioner, Central Goods & Service Tax, Kutch, Gandhidham.The disputed amounts include Rs 26,77,31,248 for Service Tax and Rs 11,55,88,870 for CENVAT.
A complaint has been filed by the Authority against Neptune Logitek regarding the recovery of these tax amounts through SERVICE TAX/0010443/2026. The company became aware of this appeal as of June 4, 2026.
Details concerning the authority and the action taken are provided below:
| Particulars | Details |
|---|---|
| Name of the Authority | Commissioner, Central Goods & Service Tax, Kutch, Gandhidham |
| Nature of Action Taken | An appeal has been filed by the Authority against the order to drop the demand of service tax amount and CENVAT. |
| Date of Knowledge of Appeal | 04/06/2026 |
The GST Authority has appealed the previous order that had dropped the demand for Service Tax and CENVAT amounts. In terms of impact, there is no immediate effect on the Company's operations. The financial implications of the ongoing appeal are not yet ascertainable and will depend entirely on the outcome of the case.
Stock Price Movement
Neptune Logitek Ltd stock settled on Thursday at ₹38.15, registering a decline of 2.18%.The shares traded during the session within an intraday range that spanned from a low of ₹38.00 to a high of ₹41.01.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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