Eternal has received a GST demand order for the period April 2022 to March 2023, totaling INR 8,29,46,172, along with interest of INR 4,63,97,288 and a penalty of INR 82,94,617. The order, issued by the Deputy Commissioner (ST), relates to a discrepancy in GST payments. The company intends to appeal the order, believing it has a strong case on merits. The company does not expect any financial impact.
GST Demand Details
Eternal has been served with a demand order concerning Goods and Services Tax (GST) for the period covering April 2022 to March 2023. The order, dated December 4, 2025, was issued by the Deputy Commissioner (ST), State Special Circle-l, Andhra Pradesh.
Financial Implications
The demand includes a GST amount of INR 8,29,46,172, alongside interest charges amounting to INR 4,63,97,288. Additionally, a penalty of INR 82,94,617 has been levied, resulting in a total claim against the company.
Company Response
Eternal plans to challenge the order through an appeal to the appropriate authority. The company maintains that it has a strong defense against the demand and, as such, does not anticipate any significant financial impact as a result of this order.
Source: BSE