Vedant Fashions wins tax appeal, demand dropped to nil

Vedant Fashions Limited (Manyavar) announced on October 16, 2025, that it received an order from the office of the additional commissioner (appeal), Kolkata Appeal-I, CGST & CX, Kolkata. This order, dated October 15, 2025, concludes proceedings under Section 107 of the CGST Act 2017, dropping the entire demand raised in the impugned order. The company confirmed receiving this email on October 15, 2025, and the outcome results in a NIL demand.

The initial order, issued for the tax period 2017–18 under Section 73(1) of the CGST Act, 2017, had alleged excess availment of Input Tax Credit (ITC) under the reverse charge mechanism (RCM) and import of services. Vedant Fashions Limited responded to these allegations by submitting a detailed reply and participating in physical hearings with the department.

Following the company's submissions and discussions, the proceedings concluded with the demand being dropped, indicating a favorable resolution. The company stated that this order will have no impact on its financial, operational, or other activities, given the favorable outcome.