Eternal Limited receives ₹64.17 crore GST demand and equal penalty, plans appeal
Eternal Limited received an order for ₹64.17 crore GST demand and an equal penalty for April 2023-March 2024, plans to appeal, and expects no financial impact.
The potential financial implication of over ₹128 crore (GST demand + penalty) is very substantial, indicating a high impact event, even with the company's confidence in its appeal process.
The news of a significant GST demand and an equivalent penalty, totaling over ₹128 crore, is inherently negative for the company, despite its stated intention to appeal and belief of no financial impact.
* Eternal Limited received an adjudication order on 18 October 2025 from the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh. * The order confirms a demand for GST of ₹64,17,43,503 (Rupees sixty four crores seventeen lakhs forty three thousand five hundred and three) with applicable interest, and a penalty of ₹64,17,43,503 for the period April 2023 to March 2024. * The demand arises from alleged short payment of output tax and excess availment of input tax credit. * The company believes it has a strong case on the merits and intends to file an appeal against the order before the appropriate authority. * Eternal Limited does not expect any financial impact on the company from this order.
What to do with a filing like this
ETERNAL LIMITED filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by ETERNAL LIMITED. Read the original for the full detail.