Show Cause Notice Issued by GST Authority
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Ajanta Soya Limited has received a Show Cause Notice from the Office of the Superintendent, Central GST Range-XIV, Division C, Bhiwadi, dated 10th June 2025. The notice relates to FY 2018-19 and alleges that the company generated duplicate E-Way Bills on the same invoice, involving GST of Rs. 4,85,484.70 (entirely IGST). The total demand mentioned in the notice is Rs. 4,85,484.70, plus applicable interest and penalty. The company has stated it will submit its reply to the GST Authority within the stipulated timeframe. Management has clarified that there is no material impact on the company's financial position, operations, or other activities from this notice.
The disputed amount is relatively small compared to typical company operations, and management has stated no material impact. However, shareholders should watch for the outcome of the reply and any subsequent order, as additional penalties or interest could increase the total liability.