With reference to the subject matter and in continuation of intimation dated 23/01/2026, this is to inform you that the company has received a Form GST DRC 01 (Goods and Services Tax) along ....
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Abril Paper Tech Ltd has received a demand cum show cause notice (Form GST DRC 01) dated 3 February 2026 from the Directorate General of GST Intelligence, Surat Zonal Unit, alleging short payment of GST for FY 2023-24 and FY 2024-25 due to application of lower tax rates. The total tax demand is Rs. 2.90 crore, with an equal amount of Rs. 2.90 crore proposed as penalty, plus applicable interest. The company has stated that the demand is not maintainable based on its own assessment and will be filing a reply within the prescribed timeline. The company has further stated it does not foresee any material impact on its financials, operations, or other activities from this notice at this stage.
The total demand of about Rs. 5.81 crore (tax + penalty, excluding interest) is potentially material for a small-cap company, but since the company is contesting it as not maintainable, the actual financial impact remains uncertain until the matter is resolved. Shareholders should watch for further updates on the company's response and the outcome of the proceedings.