Favourable Order Received: Appeal Dismissed, ₹127.29 Crore Tax Demand Withdrawn
Glottis Limited received a favorable order; GST department's appeal dismissed regarding short payment of GST on Ocean Freight for FY 2017-18 to FY 2021-22. A tax demand of ₹127.29 crore was withdrawn.
The dismissal of the appeal and withdrawal of a significant tax demand has a moderately positive impact on the company's financial and operational activities.
The announcement indicates a favorable outcome for the company as an appeal against them has been dismissed, resulting in the withdrawal of a significant tax demand.
* Glottis Limited received a favorable order from the Commissioner of GST & Central Excise (Appeals-I), Chennai. * The order, dated October 24, 2025, was communicated to the company on October 27, 2025. * The appeal filed by the GST Department regarding short payment of GST on Ocean Freight for FY 2017-18 to FY 2021-22 was dismissed. * The demand for tax amounting to ₹127,28,96,070 along with interest and penalty of GST has been withdrawn.
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Glottis Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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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