Symphony Limited Receives Favorable GST Order, Reducing Tax Demand to Rs.28,162/-
Symphony Limited announced the receipt of a favorable order from the GST Department, Lucknow, Uttar Pradesh, concerning its financial year 2017-18. The order, issued by the Additional Commissioner Grade-2 (Appeals), Judicial Division-III, State Tax, Lucknow, U.P., was received by the company on April 23, 2026, following the department's order dated April 22, 2026.The favorable development relates to a significant reduction in the overall demand for GST, Penalty, and Interest. The department reduced the total demand amount to Rs.28,162/-.
The company noted that the department entirely dropped the interest liabilities, which were previously raised in an order dated February 22, 2024, specifically eliminating Rs.2,64,65,208/- of interest.
The financial details of the order are summarized below:
| Component | Original Demand Amount | Reduced Demand Amount |
|---|---|---|
| Overall GST, Penalty & Interest Demand | Rs.2,64,93,374/- | Rs.28,162/- |
| Dropped Interest Liability | N/A | Rs.2,64,65,208/- |
Symphony Limited stated that there is no material impact from this favorable order on the company's financials, operations, or other business activities.
SYMPHONY Stock Price Movement
Shares of Symphony Limited are edging higher to ₹806.4 as of 3:06 PM today, gaining 0.47% in live trading. The stock is sustaining momentum, trading amidst a volume of 109,409 shares today.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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