Veer Global Infraconstruction Ltd — Important, 18-09-2025: Company Update

Veer Global Infraconstruction Limited has received a GST demand notice for approximately Rs 22.13 Cr, plus interest and penalty, from the Palghar Commissionerate. This demand covers alleged issues like short GST payment and excess ITC from FY 2017-18 to FY 2024-25. The company asserts the demand is not viable, stating the amount was already paid and parts are time-barred. It will formally respond and does not foresee any immediate impact on its financials or operations, anticipating relief from the authorities.