Skipper Limited Faces Rs 40.95 Crore GST Demand After Rectification of Rs 227.53 Crore SCN; Company Plans to Contest:

Skipper Limited Faces Rs 40.95 Crore GST Demand After Rectification of Rs 227.53 Crore SCN; Company Plans to Contest

Skipper Limited has disclosed a rectified GST SCN proposing a demand of Rs 40.95 crore, reduced from the original Rs 227.53 crore, which the company says is erroneous and legally unsustainable.

Company Calls Demand Unsustainable

authorSaloni KumaridateOct 3, 2026
Last update on Oct 3, 2026

Skipper Limited, in furtherance of an Intimation issued on October 01, 2026, has disclosed that it has received a show cause notice (SCN) dated September 30, 2026, passed by the Assistant Commissioner, Office of the State Tax (GST), Bhubaneswar II, Odisha.

The notice has proposed a demand amounting to Rs 227.53 crore against the company on the grounds of a discrepancy noticed in GSTR-1, GSTR-2A and GSTR-3B. Later, the proposed demand in the SCN dated September 30, 2026, was rectified to Rs 40.95 crore by the Assistant Commissioner through a Rectification Show Cause Notice (SCN) dated October 1, 2026.

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The rectification SCN was received by the company on the same day of its issuance, i.e., October 01, 2026. The company is not satisfied with the rectified demand.

The company has a strong belief that the proposed rectified demand of Rs 40.95 crore is invalid and is not sustainable. The company further believes that it possesses all the legal and sufficient grounds to challenge the demand. Correspondingly, "the demand does not represent an ascertained liability or an expected financial outflow for the Company."

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The company has made the aforementioned disclosure vide an Intimation dated October 03, 2026, addressed to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official Intimation for complete information.

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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