5paisa receives GST demand notice aggregating ₹15.31 crore
As filed · 5paisa Capital Limited has informed the Exchange about Pendency of Litigation/dispute
RegulatoryMixedMinormateriality 53 out of 100
What happened
Fact5paisa Capital received a show-cause-cum-demand notice dated September 30, 2026 from the Principal Commissioner of CGST & C. Excise, Mumbai East for FY 2022-23. The notice proposes recovery of ₹15.31 crore of GST, plus applicable interest and penalty, over alleged excess and ineligible input tax credit; the company says the notice lacks merit and will respond within the prescribed timeline.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 4.3% of FY25 revenue
₹15.31 Cr stated in the filing against ₹359.57 Cr revenue (FY25, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- The notice creates a potential GST liability of ₹15.31 crore before applicable interest and penalty. 5paisa states that it expects no financial, operational or other impact and intends to contest the notice.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%