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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.
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Neptune Logitek Ltd

Neptune Logitek Ltd: Appeal filed against dropping Rs. 38.33 Crore tax demand

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 04 Jun 2026, 07:33 PM IST  ·  BSE ID: e96eb853-d24c-4460-8c87-cf196f257cf5
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax authority is challenging a decision that previously removed a large tax demand from the company.
🤖 AI Summary
  • GST Authority appeals order to drop Service Tax and CENVAT demand totaling Rs. 38,33,20,118.
  • Appeal filed by Commissioner, Central Goods & Service Tax, Kutch, Gandhidham.
  • Company received notification of the appeal on June 04, 2026.
  • No immediate financial or operational impact stated, outcome pending appeal resolution.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Service Tax Demand
Rs. 26,77,31,248
CENVAT Demand
11,55,88,870
Total Demand Amount
Rs. 38,33,20,118
Appeal Case Numbers
0010443 and 0010444
🏢 How This Affects the Company
💰
Financial Impact
The financial impact is currently unascertainable as it depends on the outcome of the appeal. The original demand was for Rs. 26,77,31,248 (Service Tax) and Rs. 11,55,88,870 (CENVAT).
⚙️
Operational Impact
There is no immediate impact on the Company's operations.
⚠️
Risk Impact
This filing introduces financial and legal risk for Neptune Logitek Ltd, as the appeal could lead to a significant liability if ruled against the company.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders at this time.
👤
Who Is Affected
All shareholders are affected by the potential financial implications should the appeal result in a liability for the company.
🔍
Management Signal
Management is transparently disclosing a material regulatory development concerning a tax demand.

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

👁 Watch List — track these upcoming events
Updates on appeal proceedings for Case No. 0010443 and 0010444.
Company disclosures on any interim orders from the appeal.
Final judgment outcome of the GST Authority's appeal.
MEDIUM RISK A significant tax demand of Rs. 38.33 Crore is subject to appeal.
💡 Investor Takeaway
Neptune Logitek Ltd is facing an appeal from the GST Authority regarding a dropped demand of Rs. 26,77,31,248 (Service Tax) and Rs. 11,55,88,870 (CENVAT), totaling Rs. 38,33,20,118.
⚖️ Strengths & Concerns

⚠️ Concerns

  • GST Authority appeals a prior order to drop a Service Tax demand of Rs. 26,77,31,248.
  • CENVAT demand of Rs. 11,55,88,870 also under appeal by GST Authority.
❓ Frequently Asked Questions
What is the total amount of tax demand Neptune Logitek Ltd is facing an appeal for?
The GST Authority has filed an appeal against Neptune Logitek Ltd for a total demand of Rs. 26,77,31,248 (Service Tax) and Rs. 11,55,88,870 (CENVAT), amounting to Rs. 38,33,20,118.
Who filed the appeal against Neptune Logitek Ltd's tax demand?
The appeal was filed by the Commissioner, Central Goods & Service Tax, Kutch, Gandhidham.
What is the immediate impact of this appeal on Neptune Logitek Ltd's operations?
The company stated that there is no immediate impact on the Company's operations as a result of the appeal.
When did Neptune Logitek Ltd become aware of the appeal filed by the GST Authority?
Neptune Logitek Ltd gained knowledge of the appeal filed by the Authority against the Company on June 04, 2026.

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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