GST Scrutiny Proceedings Dropped by Authorities for Glottis Limited
Glottis Limited's GST scrutiny proceedings have been dropped by authorities. The proceedings related to an alleged excess ITC availment of ₹2.73 crore for FY 2022-23. The company provided a satisfactory reply, leading to the closure of the scrutiny with no financial implications.
The impact is considered low as the proceedings were dropped and there are no financial or operational implications for the company.
The company received a favorable outcome in GST scrutiny proceedings, with the allegations dropped and no financial implications, which is a positive development.
Glottis Limited announced on April 24, 2026, that the Goods and Services Tax (GST) scrutiny proceedings initiated against the company have been dropped by the GST authorities. The proceedings were initiated by the Office of the Superintendent of GST & Central Excise via a Scrutiny Notice dated April 17, 2026, alleging excess availment of Input Tax Credit (ITC) amounting to ₹2.73 crore for the Financial Year 2022-23.
Glottis Limited submitted its reply on April 22, 2026, providing necessary reconciliations and clarifications. Following the company's submission, the Office of the Superintendent of GST & Central Excise found the reply satisfactory and issued an order (GST ASMT – 12) on April 24, 2026, dropping the proceedings and closing the scrutiny for the said period in favor of the company.
The company stated that there are no expected financial, operational, or other implications arising from these proceedings.
What to do with a filing like this
Glottis 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 low impact, the band that almost never moves a portfolio on its own.
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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.