Date: 21.09.2026
Regulatory Compliance Disclosure
Gopal Snacks Limited has received a Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Unit 27, Modasa, Gujarat, dated 21st September 2026.
Tax Matter Details
Authority: Assistant Commissioner of State Tax, Unit 27 (Modasa), Gujarat
Nature of Action: Show cause notice under Section 73 of CGST Act, 2017 regarding GST liabilities for the Financial Year 2022-23 for the company's Modasa, Gujarat Facility.
Alleged Violations: The notice contains matters related to:
- Availment of Input Tax Credits
- Reversals under respective rules
- Input tax credit reconciliatory aspects
Financial Demand: Total tax demanded through the show cause notice is ₹4,11,02,747/- broken down as:
- Total Tax: ₹2,25,98,806
- Interest: ₹1,61,83,882
- Penalty: ₹23,20,059
Company's Response and Impact Assessment
The company states:
- It is confident to provide all necessary information, documentary submissions and explanatory workings
- Believes these submissions may be adequate to cause the SCN to be dropped
- There is no impact on financial, operation or other activities of the Company due to this intimation
- The company will update stock exchanges of any material developments in the matter in future