Skipper receives ₹2.28 billion GST show-cause notice over return mismatches
As filed · Skipper Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactThe Assistant Commissioner Office of State Tax (GST), Bhubneshwar II, Odisha issued Skipper a show-cause notice dated 30th September, 2026, proposing a demand of ₹2,27,53,28,966 for mismatches among GSTR-1, GSTR-2A and GSTR-3B. The company disputes the demand, says it is based on erroneous findings, and plans to pursue legal remedies.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 4.1% of FY26 revenue
₹228 Cr stated in the filing against ₹5,552.82 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
WithdrawnOur long-term aspirational margins are 12% for the company.
We are happy that we are moving towards that direction on the right track.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- The ongoing 75,000 MTPA expansion will take our installed capacity to 450,000 MTPA during FY27, while our long (management committed by FY27)
- We are confident this expansion will enable us to scale new heights in the coming fiscal (management committed by FY26)
Evidence
- Skipper 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 · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The proposed demand is substantial and creates a tax litigation overhang. Skipper states that it does not accept the liability and currently expects no material impact on its financial position, operations or other activities.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%