Tax & Penalty5 Jun 2026, 05:33 pm
Gopal Snacks Receives GST Show Cause Notice for ₹16.55 Cr
AI Summary
Gopal Snacks Ltd has received a Show Cause Notice (SCN) from the Additional Commissioner, CGST HQ, Rajkot, concerning the misclassification of HSN codes for its 'Fried Fryms' product. The notice demands payment of ₹16,55,65,440/- towards differential GST liabilities for FY 2022-23. The company states there is no material impact on its financials or operations, as it has previously secured stays on similar notices for prior periods and intends to challenge this notice as well. Gopal Snacks will provide updates on material developments.
Key Highlights
- Received Show Cause Notice from CGST for HSN code misclassification.
- Demand of ₹16.55 Cr for differential GST liabilities for FY23.
- Company expects no material financial or operational impact.
- Intends to challenge the notice and seek protection similar to prior stays.
Price Impact
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