Sterling Tools Limited: CGST Proceedings Concluded, Tax Demand of ₹9.77 Crore Dropped
Sterling Tools Limited has received an Order dated 29th December 2025 from the Office of the Principal Commissioner, CGST Commissionerate, Dehradun, concluding the proceedings initiated by a Demand-cu...
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Why is Sterling Tools Limited in the news today?
Sterling Tools Limited (STERTOOLS) is in the news due to the primary demand for tax was dropped entirely, which is a very positive outcome for the company.
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Sterling Tools Limited: CGST Proceedings Concluded, Tax Demand of ₹9.77 Crore Dropped
December 29, 2025, 02:22 PM
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Sterling Tools Limited has received an Order dated 29th December 2025 from the Office of the Principal Commissioner, CGST Commissionerate, Dehradun, concluding the proceedings initiated by a Demand-cum-Show Cause Notice dated 25th June 2025. The company had previously intimated the receipt of this notice on 26th June 2025.
Based on the submissions made by the Company, the proceedings have concluded with significant positive outcomes. The demand for tax amounting to ₹9,77,76,311/- has been entirely dropped. Additionally, interest recovery ordered is ₹1,59,706/-, comprising ₹9,853/- under CGST and ₹79,853/- under SGST. A penalty aggregating to ₹68,625/- has been confirmed, with ₹18,625/- under IGST, ₹25,000/- under CGST, and ₹25,000/- under SGST.
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