This is to inform that the Company has received a intimation of tax ascertained as being payable under section 74(5)/74A(9) in Form GST DRC 01A dated 22/01/2026 pertaining to FY 2023-24 ....
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Abril Paper Tech has received an intimation from the Directorate General of GST Intelligence, Surat Zonal Unit, alleging short payment of GST totalling Rs. 2,90,66,298 (about Rs. 2.91 crore) across two financial years. For FY 2023-24, the demand covers CGST, SGST, and IGST aggregating roughly Rs. 40.8 lakh, while for FY 2024-25 the demand is much larger at about Rs. 2.5 crore. The allegation is that the company applied lower GST tax rates than applicable, leading to short payment along with applicable interest and penalty under Section 74(5)/74A(9) of the CGST Act, 2017. The notice was received on 22 January 2026 at 7:19 pm via email.
The company has stated the demand is not maintainable and plans to submit its reply within the prescribed time, asserting no material impact on financials or operations. However, a Rs. 2.91 crore tax demand is meaningful for a small listed entity and could become a concern if the dispute is not resolved favourably, potentially affecting future earnings and cash flows.