Godavari Biorefineries Share Price in Focus; Faces Demand Notice for Tax Discrepancies

Godavari Biorefineries Limited has been issued a show-cause notice by the Commercial Tax Office (Enforcement), DGSTO, Jamkhandi, Karnataka, as reported on the exchange filings on August 29, 2026.  

The notice addresses the short payment, non-payment, and availing of ineligible input tax credit for the tax period 2022-23. 

Details of the Demand Notice 

The notice was received on August 28, 2026, at 5:43 PM via email. It was issued under sub-section (1) of Section 73 of the CGST/KGST Act, 2017, along with rule 142(1)(a) of the CGST/KGST Rules, 2017.  

The demand notice seeks recovery of ₹18,12,85,079, which includes applicable interest and penalty. 

The total GST demand amounts to ₹10,57,05,586, comprising IGST of ₹5,13,15,761, CGST of ₹2,68,70,524, SGST of ₹2,68,70,524, and CESS of ₹6,48,777.  

Additionally, there is an applicable interest of ₹6,50,08,935 under Section 50 of the Act and a penalty of ₹1,05,70,559. 

Financial Implications and Legal Steps 

The company is currently assessing the financial impact of this notice on its operations. It plans to take appropriate legal steps, including filing replies and appeals as advised.  

The company is in the process of examining the notice thoroughly. 

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Godavari Biorefineries Share Price Performance 

As of August 28, 2026, at 3:30 PM, Godavari Biorefineries share price on NSE was closed at ₹239.05, down by 0.04% from the previous closing price. 

Conclusion 

Godavari Biorefineries Limited has received a demand notice for ₹18,12,85,079 due to tax discrepancies for 2022-23. The company is evaluating the financial implications and considering legal actions to address the notice. 

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