ALFA Filings
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Sapphire Foods received a GST show cause notice for INR 19.99 Crore regarding tax and ITC discrepancies. The company considers the claim not maintainable.
Sapphire Foods received a GST show cause notice amounting to ₹21.465 Crore for the period April 2022 to March 2023. The company is evaluating the notice.
Sapphire Foods received a GST show cause notice for INR 516.84 Crore. The company contests the claim and expects no material impact on its operations.
Sapphire Foods reported that the Income Tax Appellate Tribunal (ITAT) dismissed an appeal by the Income Tax Department, upholding a favourable order for its subsidiary.
Sapphire Foods received a favorable order dismissing a Rs.97.71 Crore GST demand. The authority ruled that the company correctly availed eligible input tax credits.
Sapphire Foods received a favorable order dismissing a tax demand of ₹97.71 Crore. The Assistant Commissioner ruled the company correctly availed eligible input tax credit.
Sapphire Foods received a ₹97.71 Crore GST show cause notice regarding alleged excess input tax credit. The company intends to contest the maintainability of this demand.
Sapphire Foods India Limited reported a significant reduction in a tax demand following an ITAT Mumbai ruling. The original interest demand of ₹17.04 Crore was reduced to ₹0.25 Crore for multiple assessment years. The Income-Tax Department has appealed this ruling before the Bombay High Court.