Tax & Penalty1 Oct 2026, 06:30 pm
SRF Ltd Receives ₹266.32 Cr GST Show Cause Notice
AI Summary
SRF Ltd has received a show cause notice from the Additional Commissioner, CGST & Central Excise, Vadodara-II Commissionerate, for an alleged disallowance of Input Tax Credit (ITC) amounting to ₹266.32 crore for FY 2022-23 and FY 2023-24. The notice cites a mismatch between claimed ITC in GST returns and the auto-generated GST portal statement. SRF Ltd is reviewing the notice and plans to submit a response, asserting that the allegations are not legally tenable and intends to contest the matter. The company believes the notice will have no financial impact.
Key Highlights
- SRF Ltd received a show cause notice from CGST authorities.
- Notice pertains to alleged disallowed Input Tax Credit (ITC) of ₹266.32 crore.
- The dispute covers financial years 2022-23 and 2023-24.
- Company believes allegations are not legally tenable and will contest.
- SRF Ltd expects no financial impact from the notice.
Price Impact
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