NGL Fine Chem Receives GST Show Cause Notice for ₹6.18 Cr Demand

NGL Fine Chem Ltd has disclosed receipt of a Show Cause Notice from the GST Department, proposing a total demand of ₹6,18,61,905/-. This includes tax of ₹3,04,36,444/-, interest of ₹2,66,42,312/-, and penalty of ₹47,83,149/-. The notice, dated September 22, 2026, pertains to alleged discrepancies in declared outward tax liability and input tax credit for FY 2022-23. The company received the notice on September 25, 2026, and has been given an opportunity for a personal hearing on October 22, 2026. NGL Fine Chem believes it has adequate grounds to contest the notice and does not anticipate any material impact on its financial or operational activities at this stage.