Mukka Proteins Receives GST Notice Demanding ₹141.06 Crore
While the company believes the demand is not maintainable, the amount is substantial and could potentially impact the company's financials if the appeal is not successful.
The announcement discusses a significant GST demand of ₹141.06 crore, which is inherently negative.
* Mukka Proteins Limited received a GST notice from the State Tax Officer, Porbandar (Gujarat) on 17 September 2025. * The notice pertains to FY 2021-22 and cites discrepancies in turnover reporting, short payment of GST, differences in reconciliation between GSTR-1, GSTR-3B, and GSTR-9, excess input tax credit availed, ineligible ITC under Section 17(5), and late filing of GSTR-1. * The total demand proposed, including SGST, CGST, IGST, Cess, interest, penalty, and late fees, aggregates to approximately ₹141.06 crore. * The company is examining the matter and will take appropriate action. * The tax demand for the FY 2021-22 includes: * Total Tax Liability – ₹77.77 crore * Interest – ₹55.50 crore * Penalty – ₹7.77 crore * Late Fee – ₹1,200 * The Company believes the demand is not maintainable and is evaluating options, including filing an appeal. They do not anticipate any relevant impact on financials, operations, or other activities.
What to do with a filing like this
Mukka Proteins Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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 Mukka Proteins Limited. Read the original for the full detail.