Gopal Snacks Limited has announced the receipt of a Show Cause Notice (SCN) from the Additional Commissioner, Rajkot, concerning the misclassification of the HSN code. The notice, referenced as 3000/HQ/RJT-II/ADC/2025-26, is not expected to have a material impact on the company's financials, operations, or other activities.
The disclosure, made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes details regarding the notice. The Additional Commissioner, CGST HQ, Rajkot Gujarat, issued the show cause notice under Section 73(1) of the CGST Act, 2017, read with Section 73(1) of the Gujarat GST Act, 2017. This notice addresses GST liabilities based on details provided for the fiscal year 2021-22.
The company received the communication on September 18, 2025. The intimation relates to the misclassification of the HSN code under various brand names of the company since April 2020. The company has been advised to pay ₹14,61,25,435, representing the total differential GST liability.
Gopal Snacks Limited intends to challenge the notice on its merits by submitting replies and submissions to the relevant authorities. The company does not anticipate any impact on its financial or operational activities due to this intimation of tax being payable.
The company has assured that it will provide updates to the stock exchanges regarding any material developments in this matter in the future.
Gopal Snacks Limited plans to challenge the notice based on its merits by submitting replies and submissions to the relevant authorities.
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