Intimation under Regulation 30 of SEBI(LODR)Regulations.2015, Company has received Show cause notice from Goods and Service Tax Department(GST Department)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Trans Freight Containers Ltd has received a show cause notice from the GST Department demanding a total of Rs. 84,32,184 related to the transfer of leasehold rights in MIDC land during FY 2021-22. The demand breaks down into Rs. 44.33 lakh in GST, Rs. 35.56 lakh in interest, and Rs. 4.43 lakh in penalty. The notice was received on 30 September 2025, and the company must respond by 30 October 2025. The company believes the demand is not payable based on a relevant High Court judgement and is consulting tax and legal advisers. No provision has been made in the books yet, and the exact final liability, if any, remains uncertain.
The financial impact is currently uncertain since the company is contesting the demand and expects no liability based on a High Court ruling. However, shareholders should watch for updates as the matter progresses, as an adverse outcome could result in a one-time hit of up to Rs. 84 lakh to the company's financials.