Intimation under Regulation 30 of SEBI(LODR)Regulations,2015, Company has received Show cause notice from Goods and Service Tax (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 Goods and Services Tax (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 breakup is GST of Rs. 44.33 lakhs, interest of Rs. 35.56 lakhs, and penalty of Rs. 4.43 lakhs. The company has stated that it is examining the notice and believes the demand is not payable. It is consulting tax and legal advisers and plans to respond by the October 30, 2025 due date. The company expects no final liability based on a High Court judgement, though the exact outcome is uncertain at this stage.
For now, the impact on shareholders is limited as the company believes the demand is not payable. However, investors should watch for further updates, as a negative outcome could require provisioning of up to Rs. 84.32 lakhs and may temporarily weigh on the stock sentiment.