Sapphire Foods Receives ₹19.99 Cr GST Show Cause Notice

Sapphire Foods India Limited has received a show cause notice from the Deputy Commissioner, DGSTO-4, Bengaluru, Karnataka, for the period April 2022 to March 2023. The notice, issued under the Karnataka GST Act 2017, alleges incorrect availment and utilization of Input Tax Credit (ITC) and short payment of tax, amounting to ₹19.99 crore (INR 199.90 million). The company states that the claim is not maintainable and does not anticipate any material impact on its financial or operational activities. Sapphire Foods is evaluating the notice and will take necessary steps to respond.