Sapphire Foods receives GST show cause notice of ₹9.77 Crore
Sapphire Foods India Limited received show cause notices from GST authorities amounting to ₹9.77 Crore for alleged excess Input Tax Credit. The company believes the claim is not maintainable and expects no material impact on its operations.
Despite the notice and demand amount, the company states that the claim is not maintainable and there is no material impact on its financial, operational, or other activities.
The company has received a show cause notice from GST authorities with a demand of ₹9.77 Crore, which is a negative development.
Sapphire Foods India Limited announced on May 27, 2026, that it has received a show cause notice from the Assistant Commissioner (ST), Koyambedu Assessment Circle, Chennai, Tamil Nadu.
The notice pertains to alleged excess Input Tax Credit (ITC) availed compared to GSTR-2B for the periods April 2022 to March 2023 and April 2023 to March 2024. The authorities have issued demand notices cumulatively amounting to INR 97.706 million (₹9.77 Crore).
The company stated that the claim made by the authority is not maintainable and there is no material impact on its financial, operational, or other activities. Sapphire Foods is in the process of evaluating the notice and will take necessary steps to respond.
What to do with a filing like this
Sapphire Foods India 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 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 Sapphire Foods India Limited. Read the original for the full detail.