Refex Industries receives ₹35.29 Lakh CGST demand order for FY22, appeals ruling
Refex Industries Limited received a demand order from CGST Raipur for FY 2021-22, amounting to ₹35,29,002 for alleged RCM liability. The company disputes the demand and plans to appeal, stating it has no material financial or operational impact.
The company explicitly stated that the demand order has no material impact on its financials, operations, or other activities, and they are contesting it.
The company received a tax demand order, which is typically negative. However, the company disputes the validity of the demand and believes it has no material impact, and is pursuing an appeal. This neutralizes the initial negative sentiment.
Refex Industries Limited has received an order from the Assistant Commissioner, CGST & Central Excise, Raipur, for the Financial Year 2021-22. The order pertains to a total demand of ₹35,29,002, comprising tax and penalty. The demand is based on an alleged short payment of Reverse Charge Mechanism (RCM) liability, attributed to figures reflected in the auto-populated GSTR-2A.
The company believes the demand is not maintainable and is in the process of filing an appeal against the order, which was dated December 15, 2025. Refex Industries Limited states that the order has no material impact on its financials, operations, or other activities. The alleged RCM liability arose due to an erroneous filing of GST returns by a supplier, and the transaction in question is for an exempt supply for which no tax is payable under RCM.
What to do with a filing like this
Refex Industries 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 Refex Industries Limited. Read the original for the full detail.