Revised Regulation 30 dated:14.11.2025 for Show Cause Notice of GST Department
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Active Clothing Co Ltd has disclosed a Show Cause Notice (SCN) received from the Joint Commissioner of CGST (Audit), Ludhiana, covering the audit period from FY2019-20 to FY2023-24. The SCN, dated September 26, 2025, was noted by the Board on November 14, 2025, and adjudication is still pending. The potential tax demand, including interest and penalty, amounts to roughly Rs. 4.17 crore. The company is contesting the notice and has approached the jurisdictional High Court to seek quashing of the SCN. Management believes the notice is unlikely to have a material financial or operational impact and is making the disclosure voluntarily in the interest of transparency.
Shareholders should note a potential tax liability of about Rs. 4.17 crore plus interest and penalty, though the company is actively contesting it in the High Court and views the impact as not material. The outcome of the court proceedings and the adjudication could affect future financials if the demand is upheld.