NSE/BSE Codes: NSE Symbol: 5PAISA, BSE Scrip Code: 540776
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding receipt of a Show Cause cum Demand Notice from GST authorities.
Involved Parties / Authorities:
- Issuing Authority: Office of the Principal Commissioner of CGST & C. Excise, Mumbai East
- Recipient: 5paisa Capital Limited
Date / Timeline of Event:
- Date of Notice: September 30, 2026
- Date of Receipt: September 30, 2026
- Period Applicable: Financial Year 2022-23
- Disclosure Date: October 1, 2026
Brief Description of Outcome / Dispute:
The company received Show Cause cum Demand Notice No. 285/CGST/ME/ADC/5Paisa/2026-27 issued under Section 73(1) of the Central Goods and Services Tax Act, 2017. The notice alleges:
- Excess availment of Input Tax Credit (ITC) amounting to ₹2.04 crore
- Ineligible ITC amounting to ₹0.07 crore
- Excess ITC availed/liable to be reversed amounting to ₹13.20 crore
- Total GST amount proposed for recovery: ₹15.31 crore together with applicable interest and penalty
Impact of Outcome:
Financial Impact:
The company states there is no impact on financial, operational, or other activities arising from this SCDN. The notice proposes recovery of ₹15.31 crore plus applicable interest and penalty, but the company believes the notice has no merits.
Operational / Business / Strategic Impact:
No material operational, business, or strategic impact disclosed. The company maintains its commitment to highest standards of corporate governance and regulatory compliance.
Other Implications:
No reputational, legal, regulatory, or market perception effects explicitly stated in the document.
Next Steps / Required Actions:
The company will submit its response along with requisite documents and explanations to the Adjudicating Authority within the prescribed timelines. The company shall make further disclosures or updates as required under SEBI Listing Regulations.