Sunlite Recycling Industries Limited — Others, 23-04-2025: Action(s) taken or orders passed

Sunlite Recycling Industries Limited has received a GST Refund Order from the Deputy Commissioner of State Tax, amounting to ₹20.50 crores, in response to the previously issued demand order. A penalty of ₹0.50 lakh was associated with this refund, addressing a total demand of ₹21.00 lakhs. Additionally, a Rectification Order has been issued, fully withdrawing another demand for ₹6.70 lakhs in GST, along with interest and penalties, indicating no liabilities remain. This positive update potentially enhances cash flow and supports investor sentiment by mitigating prior fiscal uncertainties.