Devyani International Receives GST Demand Order of ₹5.42 Mn for FY19-23
Devyani International received a GST Demand Order for FY19-23, raising a total demand of ₹5.42 Mn (approx. ₹45 lakh). The demand includes ₹1.51 Mn tax and ₹3.91 Mn penalty. The company stated there is no material financial or operational impact and plans to appeal.
The company explicitly stated that there is no material impact on its financial, operational, or other activities, and the amount of the demand is relatively small in the context of the company's overall business.
The company has received a demand order from tax authorities, which is a negative event. However, the company has stated that there is no material impact and they plan to appeal, which mitigates the immediate negative sentiment.
Devyani International Limited has announced the receipt of a Demand Order from the Assistant Commissioner of Central Tax, Karnataka, under Section 74 of the Central Goods and Services Tax Act, 2017. This order pertains to the period from FY 2018-19 to FY 2022-23 and alleges short reversal of Input Tax Credit (ITC) on exempt supplies and incorrect availment of ITC on inward supply.
The total demand raised amounts to ₹5.42 million (approximately ₹45 lakh), comprising ₹1.51 million (approximately ₹12.6 lakh) in tax and ₹3.91 million (approximately ₹32.5 lakh) in penalty. The company received this order on December 31, 2025.
Devyani International stated that there is no material impact on its financial, operational, or other activities due to this order. The company is currently evaluating the order and plans to take necessary steps, including filing an appeal with the relevant forums.
What to do with a filing like this
Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Devyani International Limited. Read the original for the full detail.