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Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.
Greenpanel Industries faced an Income Tax Department search across its offices, plants, and key personnel residences. Books, documents, and digital data were seized. Details on potential violations and financial impact are currently unascertainable.
Greenpanel Industries deposited ₹4.80 Cr towards GST (IGST) liability for FY19-20 to FY24-25, including tax, interest, and penalty. This voluntary payment resolves an ineligible input credit issue, with the financial impact limited to this amount.