Dodla Dairy Limited — Important, 31-01-2025: General Updates

The company has received a favorable order from the Office of the Commissioner of Customs & Central Tax Appeals regarding the classification of flavored milk. The Appellate Authority determined that flavored milk falls under a different GST tariff heading, significantly reducing the tax rate from 12% to 5%. Consequently, the previously imposed demand for ₹3.09 Cr in differential GST, along with associated penalties, has been set aside. The company has already paid this amount under protest and is now in the process of claiming a refund of ₹3.09 Cr as per the Appellate Authority’s order. This outcome enhances the company’s financial position and reflects positively on its operational compliance. Shareholders should remain optimistic about the potential cash inflow from this refund.