NSE/BSE Codes: BSE: 533155, NSE: JUBLFOOD

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure regarding receipt of a Show Cause Notice (SCN) from the GST Department proposing a GST demand of ₹46,90,96,051.

Involved Parties / Authorities:

  • Deputy Commissioner, Jurisdiction: (Audit) - 5.6, Divisional Goods and Service Tax Office (DGSTO) - 5
  • GST Department

Date / Timeline of Event:

  • Date of receipt of communication: July 13, 2026 at 12:30 Hours (IST)
  • Date of notice: July 13, 2026
  • Reference number: Form GST DRC 01: DCCT(A)-5.6/DGSTO.5/No. (2026-27)/DRC-1 //2026-27
  • Company disclosure filing date: July 14, 2026

Brief Description of Outcome / Dispute:

The GST Department has issued a Show Cause Notice alleging that Input Tax Credit (ITC) has been reversed in the incorrect table while filing the GST returns of the Company. The notice was issued under section 74(A) of the KGST Act, 2017 read with Rule 142 of the KGST Rules, 2017, section 6 of CGST Act, 2017, and section 4 and 20 of IGST Act, 2017.

Impact of Outcome:

Financial Impact:
  • Proposed demand amount: ₹46,90,96,051
  • The Company states that the alleged wrong presentation/classification of ITC reversal has no financial impact
  • The Company does not anticipate any material financial implications
  • No penalties or restrictions have been imposed pursuant to the communication
Operational / Business / Strategic Impact:
  • The Company is required to file detailed objections within the stipulated timelines as per the SCN
  • The Company believes the notice has not considered the merits of their previous submissions
  • The Company expects the impugned SCN and proposed demand to be dropped after filing objections
Other Implications:
  • The matter pertains to Financial Year 2026-27
  • No aberrations/non-compliances were specifically identified by the authority in the communication

Next Steps / Required Actions:

  • The Company is in the process of filing detailed objections with the GST Department within the stipulated timelines as per the SCN
  • Post filing of objections, the Company expects the SCN and proposed demand to be dropped