V-Guard Industries has received an order from the Assistant Commissioner, Central GST, Gangtok Division, Sikkim, on October 28, 2025, officially dropping the GST demand. The original intimation regarding the demand was made on June 23, 2025. The demand of tax and interest raised for Rs. 20,70,28,577 has been dropped by the authority.
GST Order Received
V-Guard Industries announced that it has received a GST order from the Assistant Commissioner, Central GST, Gangtok Division, Sikkim, on October 28, 2025. This order pertains to the previously announced GST demand.
Details of Dropped Demand
The Assistant Commissioner has officially dropped the earlier raised GST demand, which was initially intimated on June 23, 2025. The demand included tax and interest. The period for the communication would be applicable for FY 2017-18 to FY 2024-25.
Financial Impact
The order completely nullifies the earlier demand for tax and interest of Rs. 20,70,28,577. This implies a positive impact on V-Guard’s financials as the company will not be required to pay the amount.
Source: BSE
