ETERNAL LIMITED Receives GST Demand Order of ₹6.48 Crore from Andhra Pradesh
ETERNAL LIMITED received a GST demand order of ₹6.48 crore, with ₹2.50 crore interest and ₹64.87 lakh penalty, for April 2023-March 2024. The company plans to appeal the order, stating no expected financial impact.
While the company states no expected financial impact and plans to appeal, a GST demand of over ₹9.6 crore (including interest and penalty) could potentially affect financials if the appeal is unsuccessful.
The company has received a significant demand order for GST, interest, and penalty, which is a negative development.
ETERNAL LIMITED (formerly Zomato Limited) has received an adjudication order from the Deputy Commissioner (ST), State Special Circle -I, Andhra Pradesh, on June 09, 2026. The order pertains to the period April 2023 to March 2024 and confirms a Goods and Services Tax (GST) demand of ₹6,48,72,000. Additionally, interest amounting to ₹2,49,53,504 and a penalty of ₹64,87,200 have been levied.
The company believes it has a strong case on merits and intends to file an appeal against this order before the appropriate authority. ETERNAL LIMITED stated that they do not expect any significant financial impact due to this order. The details of the order are available on the company's website, www.eternal.com.
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ETERNAL 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 medium impact: worth reading, rarely worth acting on by itself.
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