Glottis Limited Receives GST Scrutiny Notice for FY23, Liability ₹2.73 Crore
Glottis Limited received a GST scrutiny notice for FY 2022-23, alleging excess Input Tax Credit (ITC) claims. The proposed liability is approximately ₹2.73 crore. The company is examining the notice and preparing a response, stating no material financial impact currently.
The impact is assessed as medium because while the company states no current material impact, a potential liability of ₹2.73 crore from a GST notice could affect future finances if the adjudication goes against the company.
The announcement is neutral as it reports a regulatory notice with a potential financial implication, but the company is still in the process of evaluating and responding, and there is no immediate material impact stated.
Glottis Limited has received a scrutiny notice in Form GST ASMT-10 from the Office of the Superintendent of GST & Central Excise, dated April 17, 2026, intimating discrepancies in returns after scrutiny for the Financial Year 2022-23. The notice, received on April 20, 2026, alleges wrongful availment and utilization of excess Input Tax Credit (ITC), including claims of ineligible ITC.
The proposed aggregate liability for FY 2022-23 is approximately ₹2.73 crore, which is subject to adjudication. Glottis Limited is currently examining the allegations and supporting documentation and will file detailed responses within the prescribed timelines. The company stated that there is no material impact on its financial position, operations, or other activities at present. The delay in disclosure was due to a technical issue, which has since been addressed with measures to ensure timely future compliance.
What to do with a filing like this
Glottis Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Glottis Limited. Read the original for the full detail.