Shivam Autotech Limited has informed regarding Disclosure of material issue
SHIVAMAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shivam Autotech has received a Show Cause Notice from the Haryana Excise & Taxation Department under Section 73(1) of the HGST/CGST Act, 2017, dated June 17, 2025. The notice relates to a discrepancy between the tax liability declared in the company's GSTR-3B returns and the tax liability reflected in GSTR-2A. The department has asked the company to either explain the mismatch or pay the alleged outstanding amount of ₹19,78,228 (approximately ₹19.78 lakhs), inclusive of interest. The company has stated it intends to contest the notice by filing a detailed reply based on strong merits.
The financial impact is relatively small at under ₹20 lakhs, and the company plans to challenge the notice, so any material effect on operations or stock price is likely limited at this stage. Investors should watch for the outcome of the company's response, as a loss here could marginally affect earnings, while a successful challenge would be neutral.