Gopal Snacks receives ₹13.76 crore GST show cause notice – CNBC TV18

Gopal Snacks Ltd on Friday (December 6) said it has received a Show Cause Notice (cum-Demand Notice) from the Office of the Joint Commissioner CGST – Rajkot, according to a filing with the exchanges on Friday. The total tax demand, including penalties, amounts to ₹13,76,23,559.

The demand, issued under Section 73(3) of the GST Act, pertains to GST liabilities for the period from 2020-2021. Specifically, the GST demand relates to the classification of the company’s “Papad” product. The officer has raised the demand based on outward supplies classified under HSN 21069099, rather than the correct classification of HSN 19059040 for the fiscal year 2020-21.

In its filing, Gopal Snacks stated that it would take all necessary steps to present and defend its case before the relevant authorities. The company emphasised that, at this point, it does not anticipate any immediate financial implications from the demand and penalties.