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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Everest Industries Ltd

Everest Industries receives GST Show Cause Notice for Rs. 1.35 Crore demand

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 25 Jul 2026, 02:35 PM IST  ·  BSE ID: ac186de4-45af-4869-886e-540a2b49d120
View Original BSE Filing (PDF)
💡
In Simple Terms
Everest Industries received a tax notice demanding Rs. 1.35 Crore, which the company disputes and plans to contest.
🤖 AI Summary
  • GST department issued Rs. 1,35,68,692 show cause notice to Everest Industries.
  • Allegations include wrong input tax credit availment and short GST payment.
  • Notice covers financial years 2020-21 to 2023-24.
  • Company believes it has strong grounds and expects no material financial impact.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Tax demand amount
Rs. 1,35,68,692/-
🏢 How This Affects the Company
💰
Financial Impact
The notice outlines a tax demand of Rs. 1,35,68,692. The company asserts no material financial impact is anticipated as it prepares its defense.
⚠️
Risk Impact
This notice introduces a regulatory risk related to past GST compliance for the financial years 2020-21 to 2023-24.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor company responses and further developments.
👤
Who Is Affected
All shareholders are affected by potential contingent liabilities, though the company states no material impact is expected.
🔍
Management Signal
Management signal indicates a proactive defense strategy and confidence in the company's legal and factual standing.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Company's response to the GST notice.
Any further communication from the GST authorities.
Outcome of the company's defense and adjudication.
MEDIUM RISK GST show cause notice for a substantial amount indicates a material regulatory risk.
💡 Investor Takeaway
Everest Industries faces a Rs. 1,35,68,692 GST demand notice covering FY21-FY24. The company disputes the claims and expects no material financial impact, preparing to defend its case.
⚖️ Strengths & Concerns

⚠️ Concerns

  • GST Department claims Rs. 1,35,68,692 in tax demand for FY21-FY24 related to ITC and RCM.
❓ Frequently Asked Questions
What is the total demand in the GST show cause notice issued to Everest Industries?
The GST Department has issued a show cause notice demanding Rs. 1,35,68,692/-.
What are the reasons cited in the GST show cause notice against Everest Industries?
The notice cites wrong availment of ineligible Input Tax Credit and short payment of GST under RCM on Freight and Security Services.
Which financial years are covered by the GST notice to Everest Industries?
The GST Department has raised objections for the financial years 2020-21 to 2023-24.
Does Everest Industries expect any financial impact from the GST notice?
The company firmly believes it maintains strong legal and factual grounds and expects no material financial impact.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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