GST Demand Notice dated February 16,2026 has been received by the company on 23rd February,2026 from the office of the Superintendent , Range I, Central Goods and Services Tax Division-1, ....
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Zenlabs Ethica Ltd has received a GST demand notice dated February 16, 2026, from the office of the Superintendent, Range I, Central GST Division-1, Derabassi, Punjab, under Section 73 of the CGST Act, 2017. The notice pertains to the tax period 2019-20 and alleges short payment of tax, ineligible input tax credit, and interest on late payment due to under-declaration of taxable turnover. The total demand includes Rs. 56.80 lakh on account of ineligible input tax credit, Rs. 4.82 lakh as interest, Rs. 1.19 lakh as penalty, and Rs. 7,494 as short payment of tax, amounting to roughly Rs. 63 lakh in total. The company has stated there is no material impact on its financials or operations and plans to take appropriate action within the prescribed timeline.
The demand of around Rs. 63 lakh is not material to the company per its own assessment, and shareholders are unlikely to see a significant stock reaction unless the matter escalates. Investors should watch for updates on the company's response and any further proceedings under Section 73.