VST Industries Limited Receives Tax Order Regarding Export Refund for Andhra Pradesh
VST Industries Limited reported receiving an order from the tax authority concerning the non-payment of an export refund amount for the state of Andhra Pradesh. The documentation indicates the receipt of this order on April 7, 2026.The order was received under Section 74 of the CGST Act/The Goods and Services Tax Act, 2017. The core issue relates to the alleged non-payment of a refund amount proportional to the value of exports, specifically concerning export proceeds not realized within the stipulated time frame across the Financial Years 20-21 to 23-24.
The total amount specified in the order, including penalty, is Rs. 73,78,194/-.
Key details regarding the tax action are presented in the table below:
| Particulars | Details |
|---|---|
| Name of the Authority | The Goods and Services Tax Act, 2017 - Andhra Pradesh |
| Name and details of action(s) taken, initiated or order(s) passed | Order in original received under Section 74 of CGST Act/The Goods and Services Tax Act, 2017 for non-payment of refund amount proportional to the value of exports within the stipulated time during FY 20-21 to FY 23-24 for the State of Andhra Pradesh - Amount Rs. 73,78,194/- (including penalty) |
| Date of receipt of direction or order | 07.04.2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | Demand order issued for non-payment of refund amount proportional to the value of exports on which export proceeds are not realized with in the stipulated time during FY 20-21 to FY 23-24. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The maximum financial impact is to the extent of the amount demanded. The Company does not agree with the demand and will take appropriate appellate action. |
The company stated that the maximum financial impact is to the extent of the amount demanded, and VST Industries Limited does not agree with the demand, advising that it will take appropriate appellate action.
VSTIND Stock Price Movement
Shares of VST Industries Limited are rallying to ₹220.28 as of 11:57 AM, gaining 3.38% in live trading. The stock shows strong buying momentum, trading 137,126 shares so far today.Source:
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