Shivam Autotech Limited has informed the Exchange about General Updates
SHIVAMAUTO · price
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Shivam Autotech has received a Show Cause Notice from the Central GST Commissionerate in Dehradun on June 30, 2025, under Section 74 of the CGST/UKGST Act, 2017 and IGST Act, 2017. The notice alleges a mismatch between tax liability as per E-way bill portal data and GSTR 3-B returns for financial years 2018-19 to 2020-21. The total demand is Rs. 50.10 crore in tax plus an equal Rs. 50.10 crore in penalty, along with applicable interest, taking potential exposure to over Rs. 100 crore plus interest. The company claims the matter is merely a reconciliation issue, says the notice has no merit, and plans to submit its reply within the given timelines. The company has stated there is no immediate impact on its financial, operational, or other activities.
This is a significant tax demand that could materially affect the company if the appeal fails, but since the company is contesting and calling the notice baseless, the actual impact remains uncertain. Shareholders should watch for further updates on the company's submissions and any resolution.