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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchSRF Limited has received a reported ₹266.32 crore GST show-cause notice alleging excess input tax credit (ITC) claims for FY 2022–23 and FY 2023–24. The amount is proposed, not a final tax liability: SRF says it will contest the allegations and expects no financial impact.
What does the notice allege?
Reporting on SRF’s disclosure says the Additional Commissioner, CGST and Central Excise, Vadodara-II Commissionerate, issued the notice over an alleged mismatch between ITC claimed in the company’s statutory GST returns and figures in an auto-generated statement available on the GST portal. The department is reported to propose ₹266.32 crore, including GST, applicable interest and penalty. The detailed calculation and the split among those components have not been reported.
The notice concerns FY 2022–23 and FY 2023–24. The headline reference to FY23-24 should not be read as limiting the matter to that one year.
Is ₹266.32 crore a final amount SRF must pay?
No final adjudication was established in the available reporting. A show-cause notice sets out allegations and proposed action; it is not, by itself, a final finding that the company owes the amount. The ₹266.32 crore should therefore be described as the reported proposed amount, not a confirmed payable demand.
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What has SRF said?
SRF reportedly said it was reviewing the notice and would submit an appropriate response to the authority. The company considers the allegations not legally tenable and intends to contest them. It also said it expected no financial impact. These are SRF’s stated position and expectation, not a decision by the tax authority or an independently verified accounting conclusion. Moneycontrol’s report summarizes the company’s position.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What is known about the timeline?
- 29 September 2026: Date attributed to the notice in reporting.
- 1 October 2026: Date reported for SRF’s Regulation 30 filing to the stock exchanges.
The underlying exchange attachment was not available in the reporting reviewed here, so the notice’s response deadline, detailed statutory reasoning and any accounting provision are not established. SRF’s stock-exchange filings page is the place to look for the underlying filing.
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