Gopal Snacks Limited has announced that it has received a Show Cause Notice (SCN) in form GST DRC-01 bearing Ref No. ZD240925024126J dated September 9, 2025, pertaining to FY 2021-22 from the office of the Assistant Commissioner of State Tax, Unit-27, Modasa, Gujarat. The notice relates to matters regarding declared incorrect tax liability for the financial year 2021-22.
The company has been advised to pay ₹7,97,10,573.00, which is the total of differentiated GST liability/ excess Input tax credit.
Gopal Snacks will take all necessary actions to present and defend its case before the relevant authorities to address the demand and potential penalties. As it is currently only a SCN, the company does not expect any immediate financial implications. The company will update the stock exchanges on any material developments in this matter.
The counter is currently trading at ₹400 on the NSE.
| Particular | Details |
|---|---|
| Name of the authority | Office of the Assistant Commissioner of State Tax, Unit-27, Modasa, Gujarat. |
| Nature and details of the action(s) taken, initiated or order(s) passed | SCN u/s 73 in Form GST DRC-01 dated 9th September 2025 towards GST liabilities basis the details provided therein for the period from FY 2021-22 |
| Date of receipt of communication from the authority | 9th September 2025 |
| Details of the violation(s)/ contravention (s) committed or alleged to be committed | Notice contained matters related to declare incorrect tax liability for the FY 2021-22 |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Since it is only a SCN at this stage, and the Company will be taking all necessary actions to present and defend its case before the relevant authorities and address the demand and penalties. Hence, at this point of time, there is no expected financial implications. Company will update the Stock exchanges of material development, if any, in the aforesaid matter in future. |
The company will update the stock exchanges on any material developments in this matter.
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