Pursuant to Regulation 30 of SEBI (LODR), 2015, Intimation regarding show cause notice issued by Excise & Taxation Officer cum Proper Officer (State GST), Ward - 05, Sonepat.
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Hindustan Tin Works Ltd has received a Show Cause Notice (SCN) from the Excise & Taxation Officer, State GST Department, Sonepat regarding alleged GST non-compliance for the period April 2020 to March 2021. The SCN demands GST of Rs. 2,09,16,858 along with interest and penalty totaling Rs. 6,47,23,062, bringing the total demand to approximately Rs. 8.56 crore. The notice was received on 19th May 2026. The company states that based on its internal assessment, it reasonably expects a favorable outcome and that there is no material impact on its operations or activities.
While the total demand is significant at Rs. 8.56 crore, the company has expressed optimism about a favorable outcome, which may limit negative stock impact unless the notice escalates to a penalty order.