Tax & Penalty28 Sept 2026, 06:21 pm
Eureka Forbes Receives ₹273 Cr GST Show Cause Notice
AI Summary
Eureka Forbes Ltd has received a Show Cause Notice (SCN) from the Deputy Commissioner, State Tax, Uttar Pradesh, for the financial year 2022-23. The notice alleges a tax liability of ₹149.21 Crore, along with interest of ₹109.27 Crore and a penalty of ₹14.92 Crore, totaling ₹273.40 Crore. The company believes the SCN is without merit and intends to contest it. Eureka Forbes does not anticipate any material financial or operational impact from this notice. The SCN was received on September 25, 2026, and the disclosure is made on September 28, 2026.
Key Highlights
- Eureka Forbes received a GST Show Cause Notice for FY 2022-23.
- Total demand including tax, interest, and penalty is ₹273.40 Crore.
- Company considers the notice devoid of merits and will contest it.
- No material financial impact is expected by the company.
- Notice issued by Uttar Pradesh State Tax authorities.
Price Impact
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