V-Guard Industries Limited — Others, 28-04-2025: Action(s) initiated or orders passed

V-Guard Industries Ltd. has received two GST demand orders from the Commercial Tax Officer in Coimbatore related to e-way bills for credit notes issued in previous fiscal years. The first order demands ₹72.30 lakh, consisting of ₹36.15 lakh in tax and an equal penalty. The second order totals ₹44.74 lakh, including ₹22.37 lakh in tax and a corresponding penalty. Interest amounts will apply as per GST provisions. This situation could affect the company's financial standing and operational processes, highlighting the need for diligent compliance and management of tax-related matters.