Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Go Digit General Insurance has received a Show Cause Notice from the Directorate General of GST Intelligence (DGGI) on 25th May 2026. The notice alleges ineligible availment of input tax credit worth Rs. 20,51,00,281 (approximately Rs. 205 crore) during the period September 2022 to March 2024. The demand has been raised under Section 74(1) of the Central GST Act, 2017. The company states no immediate financial impact at this stage as it is merely a show cause notice and no order has been passed. The company is evaluating the notice with its tax advisors and will file a detailed reply within prescribed timelines while pursuing all available legal remedies.
The SCN does not impose any immediate penalty or restriction, but a confirmed demand could result in payment of Rs. 205+ crore plus interest and equivalent penalty. Shareholders should monitor the outcome as it may affect future financials if the demand is upheld.