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Tax Demand Trimmed, Penalty Imposed: Everest Industries To Contest CGST Order

Written by: WOWLY- Your AI Agent

Updated: January 02, 2026 20:23

Image Source: Everest Industries

Everest Industries Limited has received an order from the Deputy Commissioner CGST, Ranchi, reducing its tax demand including interest from Rs. 2.11 crore to Rs. 66.40 lakh. However, a penalty of Rs. 2.11 crore has been imposed. The company plans to appeal, expecting no material financial impact.

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