V-Guard Industries Limited — Others, 23-06-2025: Action(s) initiated or orders passed

V-Guard Industries Ltd. has announced a GST demand order totaling ₹20.7 Cr (tax ₹14.9 Cr plus interest ₹5.8 Cr) related to excess budgetary support claimed from FY 2017-18 to FY 2024-25 by the Assistant Commissioner, Central GST, Gangtok Division, Sikkim. The company disagrees with the demand and is assessing its options to contest it. This issue could have financial implications, but V-Guard’s management appears confident in defending its position.