Acutaas chemicals Limited has received significant relief in a pending GST matter, with the appeals authority dropping a demand of Rs. 15.44 lakhs along with associated interest and penalty. The company informed BSE about this favorable development through a regulatory filing on January 27, 2026.

GST Demand Resolution Details

The Additional Commissioner, Central GST & Central Excise, Appeals Commissionerate, Surat, issued an order dated January 20, 2026, dropping the entire demand that was previously raised against the company. The original demand pertained to alleged ineligible Input Tax Credit (ITC) claims.

Background and Timeline

The company had previously received an order under section 74(9) of the Central Goods and Service Tax Act, 2017, from the Office of the Superintendent, Central Goods and Service Tax, Surat, which was communicated to the exchange on February 4, 2025. The matter involved claims for certain alleged ineligible Input Tax Credit.

Financial Impact Assessment

According to the company's disclosure, there is no impact on financial, operational, or other activities of the listed entity following this favorable order. The resolution of this matter eliminates the potential financial liability that was hanging over the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary & Compliance Officer Ekta Kumari Srivastava signed the regulatory filing, ensuring proper compliance with listing obligations.

Conclusion

This development represents a positive outcome for Acutaas Chemicals Limited, as the company successfully contested the GST demand through the appeals process. The dropping of the Rs. 15.44 lakhs demand along with interest and penalty removes a potential financial burden and regulatory overhang from the company's operations.