Refex Industries Ltd Wins Legal Battle as GST Demand for FY 2021-22 is Quashed by Appellate Authority
Refex Industries Limited has achieved a significant financial victory following the decision of the Appellate Authority concerning a Goods and Services Tax (GST) demand related to the Financial Year 2021-22. The Authority has quashed the GST demand originally raised against the company.The Appellate Authority, after reviewing the submissions made by Refex Industries Limited, ruled that the demand totaling ₹35,29,002/-—issued by the Assistant Commissioner of CGST & Central Excise, Raipur—is nullified. The decision was received by the company on June 02, 2026.
The original GST demand, which related to the Financial Year 2021-22, included a tax liability component and a penalty amount.
Details of the original demand before the ruling are presented in the table below:
| Component | Amount (₹) |
|---|---|
| Total Demand | 35,29,002/- |
| Tax Liability | 31,90,002/- |
| Penalty | 3,39,000/- |
With the quashing of the demand by the Appellate Authority, the tax liability of approximately ₹35,29,002/ stands nullified for Refex Industries Limited.
REFEX Stock Price Movement
As of 12:56 PM, shares of Refex Industries Limited are slipping by 0.14% in live trading, currently trading at ₹316.5. The company saw a volume of 515,830 shares during the market 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.