Date: 19th August 2026
Regulatory Disclosure Details
Bannari Amman Sugars Limited has received a Show Cause Notice dated 18th August 2026 from the Office of the Deputy Commissioner of Commercial Taxes (Audit)-3, Mysuru, Department of Commercial Taxes, Government of Karnataka.
Show Cause Notice Particulars
- Issuing Authority: Deputy Commissioner of Commercial Taxes (Audit)-3, Mysuru, Department of Commercial Taxes, Government of Karnataka
- Notice Date: 18th August 2026
- Date of Receipt: 18th August 2026
- Period Covered: Financial Year 2020-21 (April 2020 to March 2021)
- Subject Matter: Alleged excess availment of Input Tax Credit (ITC) reported in Form GSTR-9 versus ITC reflected in GST records for the relevant period
- Tax Proposed: ₹10,13,78,852
- Interest Proposed: ₹9,48,40,609 (approximately, subject to computation up to date of payment)
- Penalty Proposed: ₹10,13,78,852
- Total Amount in SCN: ₹29,75,98,313
Company Response and Status
- The company had previously submitted detailed replies to GST authorities explaining the nature of the ITC and providing reconciliation and supporting particulars prior to issuance of the Show Cause Notice
- The company is examining the Show Cause Notice in detail and will submit an appropriate reply before the adjudicating authority within the prescribed time
- The company intends to defend the proceedings and contest the proposed tax, interest, and penalty
- The company presently does not anticipate any material impact on its operations