Tax & Penalty1 Oct 2026, 07:20 pm
Advance Agrolife Receives ₹3.23 Cr GST Demand Notice
AI Summary
Advance Agrolife Ltd has received a Show Cause-cum-Demand Notice from the GST Department for the Financial Year 2022-23. The notice alleges short payment of GST due to discrepancies between e-way bill data and filed GST returns. The proposed demand includes GST of ₹1.84 Crores, interest of ₹1.20 Crores, and a penalty of ₹18.53 Lakhs, aggregating to approximately ₹3.23 Crores. The company states that there is no material impact and is in the process of filing a reply within the stipulated time. This notice is open for further submissions before the authorities.
Key Highlights
- Received GST demand notice for FY 2022-23.
- Total proposed demand, interest, and penalty is ₹3.23 Crores.
- Company believes there is no material financial impact.
- Advance Agrolife is preparing a response to the notice.
Price Impact
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