Rana Sugars Limited — Important, 08-11-2024: General Updates

Rana Sugars Limited has received a consolidated demand of ₹2.16 crore from the Assistant Commissioner for alleged GST violations spanning five financial years (2017-2022). The company contests the demand, asserting it is not maintainable as it involves job work services. Rana Sugars, alongside M/s Radico Khaitan, is evaluating its options, including an appeal, but does not expect significant financial impact from this matter.