5paisa Capital Receives GST Show Cause Notice for ₹15.31 Cr

5paisa Capital Limited has been issued a Show Cause Cum Demand Notice (SCDN) by the CGST & C. Excise, Mumbai East, for an alleged total GST demand of ₹15.31 crore. This includes ₹2.04 crore for excess Input Tax Credit (ITC) availment, ₹0.07 crore for ineligible ITC, and ₹13.20 crore for excess ITC availed or liable to be reversed. The notice pertains to the financial year 2022-23. The company stated that it possesses appropriate documents to substantiate its position and will submit its response within the prescribed timelines. 5paisa Capital believes the notice has no merits and expects no financial, operational, or other impact on its activities.