
Tax & Penalty22 Aug 2026, 01:30 pm
Pokarna Ltd Receives ₹2.35 Cr GST Show Cause Notice
AI Summary
Pokarna Ltd has received a show cause notice (SCN) from the Officer of the Commissioner of Central Tax, Government of India. The SCN proposes a demand of GST amounting to ₹2,35,45,724/- along with applicable interest and penalty. The alleged violations include short-payment of GST due to non-fulfillment of conditions for supplies to merchant exporters and short declaration of black granite block quantities. The company, based on legal advice, is examining the allegations and intends to contest the proposed demand. While the SCN proposes a total potential liability of ₹4,70,91,448/- (including penalty), the company states there is no immediate impact on its financials or operations at this stage.
Key Highlights
- Pokarna Ltd received a GST show cause notice for ₹2.35 Cr.
- Allegations include short GST payment and quantity declaration issues.
- Company intends to contest the demand with legal advisors.
- No immediate financial or operational impact stated.
- Potential total liability including penalty is ₹4.71 Cr.
Price Impact
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