Grindwell Norton Limited: GST Proceedings Dropped, Demand Reduced to ₹4.17 Crore
Grindwell Norton Limited has received a demand drop intimation from the Goods and Service Tax (GST) Authority regarding proceedings initiated under section 73. The company was previously served a show...
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Why is Grindwell Norton Limited in the news today?
Grindwell Norton Limited (GRINDWELL) is in the news due to the gst demand has been significantly reduced, which is positive. however, the company still disagrees with the remaining demand and plans to appeal, indicating a neutral outlook as the matter is not fully resolved.
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Grindwell Norton Limited: GST Proceedings Dropped, Demand Reduced to ₹4.17 Crore
January 1, 2026, 06:39 AM
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More Details on This News
Grindwell Norton Limited has received a demand drop intimation from the Goods and Service Tax (GST) Authority regarding proceedings initiated under section 73. The company was previously served a show cause notice amounting to ₹23.57 crore. Following the company's replies, an order was received on December 31, 2025, from the Office of the Deputy Commissioner of State Tax dated December 30, 2025.
This order reduces the demand to ₹4.17 crore, which includes interest and penalty. The company, however, believes the said demand is not maintainable and is in the process of preferring a further appeal. Based on their assessment, Grindwell Norton Limited states that there is no material impact on the financial, operational, or other activities of the company.
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