Godavari Biorefineries Limited GST Demand Notice Disclosure
Key Details of the Notice
- Date of Receipt: August 21, 2026
- Issuing Authority: Office of the Assistant Commissioner of Central GST, Audit, Belgavi, Karnataka
- Period Covered: 2021-22 to October 2024
- Nature of Dispute: Non-payment of GST on supply of ENA (Extra Neutral Alcohol)
- Counterparty: Karnataka State Beverages Corporation Ltd. (KSBCL)
- Product Use: ENA supplied for further manufacture of alcoholic liquor fit for human consumption
- Legal Basis: Section 74(1) of the CGST/SGST Act, 2017
- Company's Classification Error: Company had shown these supplies under "exempted supply" in their sale register/GST Returns
Financial Implications
- Total GST Demand: ₹17,02,29,150 (approximately ₹17.02 crore)
- Breakdown: CGST ₹8,51,14,575 + SGST ₹8,51,14,575
- Current Status: The company is evaluating the material impact on financial, operational, or other activities
- Financial Impact Assessment: Ongoing - not yet quantified in the disclosure
Company Response
The company is in the process of examining the notice and shall take appropriate legal steps, including filing replies/appeals as may be advised. The company has not acknowledged liability at this stage.