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

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.

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."

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.