Gopal Snacks Limited has informed the Exchange about GST Updates
GOPAL · price
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Awaiting price reaction for this filing.
Gopal Snacks Limited has received a Form GST DRC-07 dated 12.02.2026 from the CGST office in Mouda, Nagpur, dropping the proposed GST demand against the company. The demand of ₹17,45,716 (comprising IGST of ₹8,36,425, CGST of ₹4,54,646 and SGST of ₹4,54,646) related to alleged excess availment of input tax credit between April 2020 and March 2023. No tax, interest, or penalty is now payable by the company. The company has stated there is no impact on its financial, operational, or other activities.
Positive development for shareholders — the company has been cleared of a tax demand, removing a small but lingering liability. The amount is minor (~₹17.5 lakhs) relative to typical company financials, so the stock price impact is likely negligible, but it eliminates a compliance overhang.