Heritage Foods Limited — Important, 21-07-2025: Updates

Heritage Foods has secured a significant win in the Supreme Court, clarifying that flavoured milk attracts a 5% GST rate, not 12%. This favorable judgment settles a key tax dispute, upholding the company's product classification. Consequently, Heritage Foods is now eligible to claim a GST refund totaling Rs 4.53 Cr. This resolution boosts the company's balance sheet by recovering prior overpayments and provides crucial tax certainty for a core product.