Gopal Snacks receives ₹4.11 Cr GST SCN for FY23

Gopal Snacks Ltd has received a Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Unit 27, Modasa, Gujarat. The SCN, issued under Section 73 of the CGST Act, 2017, pertains to GST liabilities for the financial year 2022-23 at its Modasa facility. The total demand specified in the notice is ₹4,11,02,747, comprising ₹2,25,98,806 in tax, ₹1,61,83,882 in interest, and ₹23,20,059 in penalty. The company stated that the intimation relates to Input Tax Credits and reconciliatory aspects. Gopal Snacks is confident in providing necessary information and documentation to have the SCN dropped and asserts that there is no material impact on its financials, operations, or other activities.