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SRF Limited has received a GST show-cause notice proposing a demand of ₹266.32 crore over alleged input tax credit (ITC) disallowance for FY 2022-23 and FY 2023-24, according to reports on the company’s stock-exchange disclosure. The notice sets out allegations and proposed action; it is not a final finding that SRF owes the amount. SRF says it will contest the matter and expects no financial impact.
What the ₹266.32 crore notice alleges
Reports say the Additional Commissioner, CGST and Central Excise, Vadodara-II Commissionerate, issued the notice over an alleged 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 reported to include GST, applicable interest and penalty. A detailed breakdown of those components and the notice’s full statutory reasoning have not been established in the available reporting.
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Which financial years are involved, and when was it disclosed?
The reported allegations relate to FY 2022-23 and FY 2023-24. The notice is dated 29 September 2026, and SRF’s Regulation 30 filing to the stock exchanges was reported on 1 October 2026. Reports on the disclosure describe the proposed amount as ₹266.32 crore. SRF’s investor-relations page lists its stock-exchange filings, where the underlying disclosure can be sought.
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No final adjudication in this matter is established by the available reporting. A show-cause notice is a procedural step that sets out allegations and proposed action; it does not by itself establish liability or make the proposed amount a final payable demand. The reply deadline, any accounting provision, and any later payment, appeal or adjudication outcome are not stated in the reporting.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.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 considers the allegations not legally tenable, intends to contest them, and says it expects no financial impact. Those are SRF’s stated positions, not a determination by the tax authority or an independently verified accounting conclusion.
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