Butterfly Gandhimathi Receives GST Demand Order of ₹9.2 Lakhs
Butterfly Gandhimathi Appliances Limited has received an order from the Deputy Commissioner of the Andhra Pradesh State GST department, Vijayawada, for the period April 2021 to March 2022. The order ...
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Why is Butterfly Gandhimathi Appliances Limited in the news today?
Butterfly Gandhimathi Appliances Limited (BUTTERFLY) is in the news due to the company has received a tax demand, which is a negative event. however, the company plans to appeal and expects a favourable outcome, and has stated there is no material impact, thus balancing the sentiment to neutral.
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Butterfly Gandhimathi Receives GST Demand Order of ₹9.2 Lakhs
December 31, 2025, 12:53 PM
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More Details on This News
Butterfly Gandhimathi Appliances Limited has received an order from the Deputy Commissioner of the Andhra Pradesh State GST department, Vijayawada, for the period April 2021 to March 2022.
The order imposes a demand of ₹9,20,854, comprising tax of ₹5,21,508, interest of ₹3,47,195, and a penalty of ₹52,151. This demand has been raised under section 73 of the GST Act, 2017, on account of alleged disallowance of GST on credit notes issued to customers.
The company, based on legal advice, plans to appeal this order before the Commissioner (Appeals) and anticipates a favourable outcome. Butterfly Gandhimathi stated that there is no material impact on its financial, operational, or other activities due to this demand.
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