Godavari Biorefineries Receives GST Demand Notice of ₹17.02 Crore
Godavari Biorefineries received a GST demand notice of ₹17.02 crore for non-payment of GST on ENA supplies between 2021-22 and October 2024. The company is reviewing the notice and will take appropriate legal action.
The litigation involves a substantial amount of ₹17.02 crore, which could impact the company's financial performance if not resolved favorably. However, the company is evaluating the impact and planning legal recourse.
The company has received a significant GST demand notice, which indicates a potential financial liability and legal challenge.
Godavari Biorefineries Limited has received a show cause notice from the Assistant Commissioner of Central GST, Audit, Belgavi, Karnataka, regarding the non-payment of GST on the supply of Extra Neutral Alcohol (ENA) for the period from 2021-22 to October 2024.
The notice pertains to a total GST demand of approximately ₹17,02,29,150, comprising ₹8,51,14,575 each for CGST and SGST. The company had supplied ENA to Karnataka State Beverages Corporation Ltd. (KSBCL) for the manufacture of alcoholic liquor, treating the supply as exempt without payment of GST under Section 74(1) of the CGST/SGST Act, 2017.
The company is currently examining the notice and evaluating its potential financial, operational, or other impacts. Appropriate legal steps, including filing replies and appeals, will be taken as advised.
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Godavari Biorefineries Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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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