Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Sbi Cards And Payment Services Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactSBI Cards and Payment Services Ltd. has received a Show Cause Notice from the Additional Commissioner of CGST Gurugram, proposing to disallow Input Tax Credit amounting to Rs. 81,93,14,904 for the period 2018-19 to 2020-21. The notice is issued under the Central and State Goods and Services Tax Acts, and details are available on the company's website.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnWe will maintain that-- because now we are seeing good spends happening after the festive season.
We will continue to stick to that guidance.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- We are expecting our cost to income to be in the range of around 55% to 56%. (management committed by FY26)
- We will continue to grow at a pace of around 1.1 million per quarter as we have been growing for the last 1 ye (management committed by FY26)
Evidence
- Sbi Cards And Payment Services Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%