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

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

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.