Unistar Multimedia Confirms GST Registration Cancellation Order and Applies for Rectification
Unistar Multimedia Ltd announced that it received an order dated 30 March 2026 from the Goods and Services Tax Department concerning the cancellation of the company's GST registration.The company stated that upon internal review of the official order, the management found that they did not concur with certain observations contained within the document.
In response to the cancellation order, Unistar Multimedia has filed an application for rectification before the appropriate authority under the Central Goods and Services Tax Act, 2017. The company confirmed that this rectification application is currently under consideration.
In clarifying its operational standing, Unistar Multimedia provided several updates. The company stated that no monetary penalty was imposed upon it by the order. Furthermore, management affirmed that there is no material financial impact on the company's current operations due to the GST registration status.
Unistar Multimedia noted that it is actively taking all necessary steps towards ensuring compliance with applicable GST provisions and is pursuing all appropriate legal and procedural steps available under law for the restoration of its GST registration.
Stock Price Movement
Unistar Multimedia Ltd shares finished Monday at ₹3.33, ticking up 4.72% for the session. The stock moved significantly during the day, trading within a range established between a low of ₹3.05 and a high of ₹3.33.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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