Dear Sir, We hereby submit the disclosure under Reg. 30(SEBI LODR) Regulations, 2015 that the company has received the show cause notice from the GST department dated 17.07.2025 for the ....
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Awaiting price reaction for this filing.
Neeraj Paper Marketing Ltd has received a show cause notice from the GST Department dated 17 July 2025 alleging excess input tax credit (ITC) claimed by the company for the financial year 2021-22. The disputed amount is Rs. 32,97,642 (approximately Rs. 33 lakhs). The notice was issued by the GST Department (Ward No. 208, Department of Trade & Taxes, New Delhi). Importantly, no penalty has been imposed yet — the company has been asked to explain why the excess ITC was claimed. The company is expected to file a response within the prescribed timeframe. The disclosure has been made to the BSE under SEBI LODR Regulation 30.
The amount in question is small relative to a typical listed company's balance sheet (under Rs. 35 lakhs), and no penalty has been levied yet. Investors should monitor the company's response to the notice and any subsequent order, but this is unlikely to have a material impact on the stock price unless the demand is upheld and penalties are added later.