V.S.T Tillers Tractors has been issued a final assessment order by the Assistant Commissioner of GST in Tamil Nadu, resulting in a demand of ₹37.30 lakhs. This development follows a series of submissions and representations made by the company, which successfully reduced the initial demand from ₹6,736.73 lakhs.
The final assessment order, issued under Section 73 of the Goods and Services Tax Act, 2017, pertains to the financial years 2017–18 to 2019–20. Despite the significant reduction in the demand amount, the company has stated that there will be no impact on its financial operations or other activities apart from the payment of the final demand.
This order marks the conclusion of the GST assessment for the specified period, providing clarity on the company’s tax obligations. The reduction in the demand amount reflects the company’s efforts in addressing the issues raised during the assessment process.
The order was dated March 28, 2026, and the company has communicated this update to the National Stock Exchange of India and BSE Ltd. as part of its regulatory obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).