Godavari Biorefineries Limited has received a show cause notice from the Office of the Commercial Tax Officer (Enforcement), DGSTO, Jamkhandi, Karnataka regarding GST compliance issues for the tax period 2022-23.
Key Details of Notice
- Date of Receipt: August 28, 2026 at 5:43 PM via email
- Issuing Authority: Office of the Commercial Tax Officer (Enforcement), DGSTO, Jamkhandi, Karnataka
- Legal Basis: Notice issued under sub-section (1) of Section 73 of the CGST/KGST Act, 2017 read with rule 142(1)(a) of the CGST/KGST Rules, 2017
- Allegations: Short payment/non-payment/availed ineligible input tax credit for tax period 2022-23
- Total Demand Amount: ₹18,12,85,079 (including applicable interest and penalty)
Breakdown of Demand Amount
- Base Tax Demand: ₹10,57,05,586 comprising:
- IGST: ₹5,13,15,761
- CGST: ₹2,68,70,524
- SGST: ₹2,68,70,524
- CESS: ₹6,48,777
- Interest Amount: ₹6,50,08,935 (under section 50 of the Act)
- Penalty Amount: ₹1,05,70,559
Company Response and Status
The company is currently examining the notice and evaluating the material impact on financial, operational, or other activities. The company intends to take appropriate legal steps, including filing replies/appeals as may be advised.
Financial Impact Assessment
The disclosure states that the company is evaluating the material impact. No quantified financial impact has been determined or disclosed at this stage.