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SRF Limited has received a GST show-cause notice proposing ₹266.32 crore over alleged input tax credit (ITC) disallowances for FY 2022-23 and FY 2023-24. The amount is proposed, not a final tax demand: SRF says it will contest the allegations and expects no financial impact.
What does the ₹266.32 crore notice allege?
Reports on SRF’s stock-exchange disclosure say the Additional Commissioner, CGST and Central Excise, Vadodara-II Commissionerate, alleges a mismatch between ITC claimed in SRF’s statutory GST returns and figures in an auto-generated statement available on the GST portal. The proposed amount is described as covering the alleged ITC disallowance, GST, applicable interest and penalty. The detailed statutory reasoning and a tax, interest and penalty breakdown have not been established in the available reporting. Reported notice details
Which financial years are involved?
The reported allegations relate to FY 2022-23 and FY 2023-24. Although the original headline phrasing refers to FY23-24, the reported notice covers both financial years. Reports attribute the notice date to 29 September 2026 and say SRF filed its Regulation 30 disclosure with the stock exchanges on 1 October 2026. Coverage of SRF’s disclosure Timeline and reported details
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No. A show-cause notice sets out allegations and proposed action; it does not, by itself, establish liability or make the proposed amount a final payable demand. No final adjudication in this matter has been established. The notice itself and the exchange filing attachment for this event were not available in the reporting reviewed, so the response deadline and subsequent procedural steps are also unverified.
What has SRF said it will do?
SRF reportedly said it is reviewing the notice and will submit an appropriate response to the authority. The company says it considers the allegations not legally tenable, intends to contest the matter and expects no financial impact. Those statements reflect SRF’s position, not a ruling by the tax authority or an independently verified accounting conclusion. Company position as reported
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Where can readers check for the underlying filing?
SRF’s investor-relations page lists the company’s exchange filings and is the appropriate place to look for the underlying disclosure: SRF investor relations. The reported notice amount should be distinguished from any later confirmed tax, interest or penalty, payment, or appeal outcome; no such later outcome has been established here.
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