Glottis Limited Receives GST Scrutiny Notice for Financial Year 2022-23
Glottis Limited, formerly known as Glottis Private Limited, reported receiving a scrutiny notice from the Office of the Superintendent of GST & Central Excise. The notice, in the form of GST ASMT - 10, dated April 17, 2026, pertains to discrepancies found in the company's returns for the Financial Year 2022-23.The scrutiny notice alleges wrongful availment and utilization of excess Input Tax Credit (ITC), including claims related to ineligible ITC. The notice proposes an aggregate liability of approximately ₹2.73 crore for FY 2022-23, which remains subject to official adjudication.
The company confirmed that it is currently in the process of examining all supporting documentation and allegations raised by the department. Glottis Limited stated that it will take appropriate legal and procedural steps in accordance with applicable law, including filing detailed responses within the prescribed timelines.
The company maintained that there is currently no material impact on its financial position, operations, or other activities arising from the said notices.
For clarity, the core details of the GST scrutiny notice are summarized below:
| Detail | Information |
|---|---|
| Issuing Authority | Office of the Superintendent of GST & Central Excise |
| Notice Date | April 17, 2026 |
| Scrutiny Notice Form | GST ASMT - 10 |
| Financial Year Covered | 2022-23 |
| Allegation | Wrongful availment and utilization of excess Input Tax Credit (ITC), including ineligible ITC. |
| Proposed Liability | Approximately ₹2.73 crore (subject to adjudication) |
The company also addressed a delay in its disclosure, attributing it to a technical issue. Glottis Limited stated that this technical issue has been addressed and that the company has implemented measures to ensure timely compliance with future disclosure requirements.
GLOTTIS Stock Price Movement
On Wednesday, Glottis Limited shares edged higher, rallying 7.60% to settle at ₹60.26. The stock traded on notable volume, with 811,062 shares processed during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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