Sapphire Foods receives GST show cause notice for ₹14.03 million

Sapphire Foods India Limited has received a show cause notice from the Assistant Commissioner of State Tax, Vadodara, Gujarat. The notice, dated September 26, 2026, pertains to the period April 2022 to March 2023 and alleges incorrect availment and utilization of Input Tax Credit (ITC) amounting to INR 14.03 million under the Gujarat GST Act 2017. The company asserts 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. While the amount is below the disclosure threshold, the company notes that cumulative related matters might breach the limit.