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Everest Industries Slashes Reported GST Demand After Correcting Earlier Disclosure

Story Highlights
  • Everest Industries corrected an earlier error and revised its disclosed GST-related tax demand.
  • The total demand has fallen from about Rs 56.06 crore to Rs 69.10 lakh, which the company plans to contest.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Everest Industries Slashes Reported GST Demand After Correcting Earlier Disclosure

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Everest Industries Limited ( (IN:EVERESTIND) ) has issued an update.

Everest Industries Limited has issued a revised disclosure correcting an earlier typographical and calculation error in a previously reported tax demand related to a show cause notice under the Central GST, SGST and IGST Acts. Following an order dated December 31, 2025, the total demand, including tax, interest and penalty, has been significantly reduced from about Rs 56.06 crore to Rs 69.10 lakh, which the company intends to contest, limiting the potential financial exposure and clarifying its regulatory position for investors and other stakeholders.

More about Everest Industries Limited

Everest Industries Limited is an Indian listed company headquartered in Maharashtra and operates in the industrial and construction-related sector, with its securities traded on both the National Stock Exchange of India and BSE Limited under the scrip code EVERESTIND and 508906, respectively.

Average Trading Volume: 691

Technical Sentiment Signal: Sell

Current Market Cap: 8.26B INR

For an in-depth examination of EVERESTIND stock, go to TipRanks’ Overview page.

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