Shivam Autotech Limited has informed the Exchange regarding 'Show Cause Notice'.
SHIVAMAUTO · price
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Awaiting price reaction for this filing.
Shivam Autotech Limited has informed the exchanges about a Show Cause Notice (SCN) received on September 28, 2025, from the Office of the S.G.S.T. Audit Commissionerate, Dehradun, under Section 65(6) of the CGST Act, 2017. The notice alleges excess availing of Input Tax Credit (ITC) in GSTR-3B compared to GSTR-2A for FY 2019-20, with a recoverable amount of approximately ₹2.63 crore under Section 74 of the CGST Act. The company has stated that it believes it has a strong case, calling the SCN a matter of mere reconciliation with no merits. It plans to file submissions before the appropriate forum within the given timeline and has clarified that there is no impact on its financial, operational, or other activities.
This is a tax-related notice rather than a criminal or regulatory enforcement action, and the financial exposure of ~₹2.63 crore is modest relative to typical corporate disclosures. Since the company is contesting the claim and has stated no material impact, shareholders are unlikely to see an immediate effect on stock price, though the outcome of the GST proceedings remains a watchpoint.