JUBLCPL Receives GST Show Cause Notice for ₹5.09 Crore Demand
Jubilant Agri and Consumer Products Limited received a GST Show Cause Notice proposing a demand of ₹5.09 crore. The notice pertains to alleged non-payment of GST on supplies between FY 2020-21 and FY 2023-24. The company believes the demand is incorrect and will file a detailed reply.
A GST demand of ₹5.09 crore, while significant, is not expected to have a material financial impact on the company as per their assessment. However, the ongoing litigation and the need to file a detailed reply introduce a medium level of uncertainty and potential operational impact.
The company has received a Show Cause Notice for a GST demand, which is a potentially negative development. However, the company strongly believes it has a valid defense and does not anticipate any financial implications, which mitigates the negative sentiment.
Jubilant Agri and Consumer Products Limited (JUBLCPL) has received a Show Cause Notice (SCN) from the Principal Commissioner – Central GST (Audit) Commissionerate, Ludhiana. The notice proposes a Goods and Services Tax (GST) demand amounting to ₹5,09,04,134.
The SCN alleges a demand of 18% GST on an amount of ₹2828.00 lakhs, which was reported in a memorandum GL named "Invoices to be Sent" for the financial years 2020-21 to 2023-24. The GST authority presumed this to be turnover on which tax has not been paid or invoices not raised at the time of supply.
The company believes the SCN is based on an incorrect understanding of the facts and circumstances and has a strong case to defend. JUBLCPL is in the process of filing a detailed reply within the prescribed timelines. The company does not anticipate any financial implications from this notice. The event occurred on August 18, 2026, at 19:25 Hours (IST).
What to do with a filing like this
Jubilant Agri and Consumer Products 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 Jubilant Agri and Consumer Products Limited. Read the original for the full detail.