Star Paper Mills receives Rs. 1.53 Crore GST demand order for FY23-24
REGULATORY
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 04:54 PM IST · BSE ID: e32e660f-3500-4d0d-844f-147849f57e78
View Original BSE Filing (PDF)
💡
In Simple Terms
The company was asked to pay Rs. 1.53 Crore in GST, interest, and penalty for its 2023-24 tax filings.
🤖 AI Summary
- Star Paper Mills received a Rs. 1,53,15,432 GST demand order for FY 2023-24.
- Demand comprises tax, interest, and penalty for input credit on destroyed raw materials.
- Additional demand of Rs. 1,58,426 for GST on self-consumed paper and receipts.
- Company plans to appeal the order before the Additional Commissioner (Appeals).
🔢 Key Numbers — exact figures from BSE filing, not rounded
GST Demand Order Value (FY 2023-24)
Rs. 1,53,15,432
Interest Demand
Rs. 32,37,276
Penalty Demand
Rs. 60,39,078
Additional GST Demand (Self-consumed paper)
Rs. 1,58,426
🏢 How This Affects the Company
The Rs. 1,53,15,432 demand, if ultimately payable, will impact the company's cash reserves and profitability. The company disputes the claims.
This order introduces financial and legal risk as the company pursues an appeal against the GST authorities' decision.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders as the company is contesting the demand.
👤
Who Is Affected
All shareholders are potentially affected by a contingent liability, but the company states no material impact.
🔍
Management Signal
Management's intent to appeal signals a commitment to challenging tax assessments they deem incorrect.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Status of the appeal filed with Addl. Commissioner (Appeals).
Update on any revised tax liability post-appeal.
Next quarterly results for any mention of provisions.
MEDIUM RISK
A significant tax demand and penalty have been levied, requiring management to navigate appeals and potential financial impact.
💡 Investor Takeaway
Star Paper Mills received a Rs. 1,53,15,432 GST demand order for FY24, including Rs. 60,39,078 penalty, citing input credit issues; company will appeal.
⚖️ Strengths & Concerns
⚠️ Concerns
- Rs. 1,53,15,432 GST demand includes Rs. 60,39,078 penalty for input tax credit claim on destroyed raw materials.
📅 Company Track Record
Previously, the company received an ex-parte assessment order under UPVAT for FY 2015-16 demanding Rs. 115.27 lacs, which it was disputing.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total GST demand received by Star Paper Mills for FY 2023-24?
Star Paper Mills received a total GST demand order of Rs. 1,53,15,432 for the financial year 2023-24.
What are the components of the Rs. 1,53,15,432 GST demand?
The demand includes Rs. 60,39,078 as tax, Rs. 32,37,276 as interest, and Rs. 60,39,078 as penalty.
What is the reason for the GST demand on input tax credit?
The demand is related to input tax credit claimed on raw materials that were destroyed in a fire accident in the Mill.
Is there any other GST demand against Star Paper Mills?
Yes, there is an additional demand of Rs. 1,58,426 under the GST Act for charging GST on self-consumed paper and miscellaneous receipts.
What is Star Paper Mills' course of action regarding the GST demand order?
The company plans to prefer appropriate appeals against the order/demand before the Additional Commissioner (Appeals) within the allowed time.
Questions based on this BSE filing only. For information purposes.