Tax & Penalty2 Oct 2026, 09:09 am
Skipper Ltd: GST Demand Rectified to ₹40.95 Cr
AI Summary
Skipper Ltd has received a Rectification Show Cause Notice from the Assistant Commissioner Office of The State Tax (GST), Bhubneshwar II, Odisha. This notice rectifies a previous demand of ₹2,27,53,28,966/- to ₹40,95,59,214.00/-. The company believes the rectified demand is erroneous and not tenable, stating it has substantive grounds to contest the claim. Skipper Ltd does not accept the proposed liability and considers it not an ascertained liability or expected financial outflow.
Key Highlights
- GST demand rectified to ₹40.95 Cr from ₹227.53 Cr.
- Company disputes the rectified demand, deeming it erroneous.
- Skipper Ltd has grounds to contest the proposed liability.
- The demand is not considered an ascertained liability by the company.
Price Impact
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