Sunlite Recycling Industries Limited — Others, 27-07-2025: Action(s) taken or orders passed

Sunlite Recycling Industries has received a Goods and Services Tax (GST) demand order following an investigation that led to a provisional attachment of its stock. The order demands Rs. 4.64 Crore towards tax, Rs. 4.02 Crore towards interest, and Rs. 4.64 Crore as penalty. The company intends to appeal this demand order, citing procedural lapses and an excessive determination of dues. They will also apply to release their provisionally attached stock. This development impacts the company's financial position and operational flexibility.