Sundrop Brands LimitedSUNDROPNSE
Sundrop Brands receives ₹26.38 crore GST show-cause notice
As filed · Sundrop Brands Limited has informed the Exchange about receipt of show cause notice from Deputy Commissioner (SGST), Ghaziabad I, Uttar Pradesh.
RegulatoryMixedMinormateriality 48 out of 100
What happened
FactSundrop Brands received a GST show-cause notice from the Deputy Commissioner (SGST), Ghaziabad I, following scrutiny of its FY 2022-23 GST returns. The notice raises a demand of INR 26,37,65,281.41, including a penalty of INR 2,39,78,661.93; the company is preparing a documented response contesting the demand.
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
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Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
Evidence
How CapitSignal classified this
- Reasoning:
- The notice creates a potential tax exposure, although the company says it currently does not envisage financial, operational or other implications. Its response will contest whether GST liabilities on deemed supplies, exports under LUT and reverse-charge transactions were already discharged.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%