Skipper Limited has informed the Exchange about Action(s) initiated or orders passed
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The SGST Department, Kerala has issued an order under Section 74 of CGST/SGST Act, 2017 dated 23rd April, 2026, raising a tax demand of ₹45,10,502 against Skipper Limited. The demand relates to a mismatch between GSTR 1 and GSTR 3B returns for Financial Year 2021-22. The company has stated that there is no material impact on its financial, operations, or other activities. Skipper Limited intends to file an appeal against this order within the stipulated time frame.
The tax demand of approximately ₹45.1 lakh is relatively small for a listed company and the management has stated there is no material impact. However, the matter remains open as the company plans to appeal, which could involve additional legal costs or potential settlement if the appeal is unsuccessful.