Heritage Foods Limited — Important, 22-04-2025: General Updates

The Assistant Commissioner of Central Goods and Services Tax has issued an order to withhold the sanctioned refund amount of ₹4.53 crore related to a GST refund application by Heritage Foods. This action follows a favorable ruling from the High Court of Andhra Pradesh concerning the GST tariff for Flavoured Milk. The company views the withholding as unjustified and is preparing to file a Writ Petition in the High Court, backed by strong legal precedents. Currently, the company assesses that this situation will not materially impact its financials or operations, and it maintains a positive outlook regarding the resolution of the issue.