GHCL Limited — Important, 27-02-2025: Updates

GHCL Limited has received a GST order confirming a demand of ₹14.12 lakhs due to excess Input Tax Credit claims for the financial year 2020-21. The company will face a penalty of ₹1.41 lakhs and interest amounting to ₹8.30 lakhs. Although the GST department dropped several discrepancies, it upheld this demand. The company believes it has strong grounds to contest this order and plans to file an appeal with the appropriate authorities. Despite the total potential financial impact of approximately ₹23.84 lakhs, GHCL indicates that there will be no significant impact on its operating performance, making this a situation to watch closely for potential developments.