Skipper faces GST appeal over dropped ₹10.21 crore tax demand

1 min read Updated on 11 Jun 2026, 02:02 AM

Reviewed by

Suketu GScanX News Team

AI Summary

Skipper Limited disclosed that the Office of the Assistant Commissioner, Park Street Division, Kolkata, has filed an appeal against an order dropping a ₹10.21 crore tax demand. The appeal, dated June 3, 2026, challenges the December 1, 2025 order which had provided relief regarding alleged unbilled revenue differences for FY 2017-18 and FY 2018-19. Skipper Limited stated it will file an objection within the stipulated time.

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Skipper Limited is facing an appeal from tax authorities challenging an order that had previously dropped a demand of ₹10,21,17,234. The Office of the Assistant Commissioner, Park Street Division, Kolkata, filed the appeal on June 3, 2026, contesting the relief granted to the company. The appeal was received by Skipper Limited on June 9, 2026, and has been lodged before the Commissioner (Appeals-I) under Section 107(2) of the GST Act, 2017.

The dispute originates from a Show Cause Notice dated April 16, 2025, issued under Section 74 of the CGST Act, 2017. This notice had proposed a tax demand of ₹10,21,17,234 concerning alleged differences in unbilled revenue for FY 2017-18 and FY 2018-19. However, the Office of the Additional Commissioner, CGST & Central Excise, Kolkata South Commissionerate, had subsequently dropped the demand and all related proceedings via Order No. 09/ADC/CGST&CX/South/Kol/25-26 on December 1, 2025.

The current appeal challenges this December 2025 order. In response, Skipper Limited stated that it will file an objection within the stipulated time frame. The company disclosed this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant provisions of the SEBI Master Circular dated January 30, 2026.

S. No.	Particulars	Details
1.	Change in status or development	The Office of the Assistant Commissioner, Park Street Division, Kolkata, vide its letter dated June 3, 2026, intimated the company about the appeal filed before Commissioner (Appeals-I) under Section 107(2) of GST Act, 2017, against the Original order No. 09/ADC/CGST&CX/South/Kol/25-26 dated December 1, 2025. The Company will file objection within stipulated time.
2.	Litigation against key management personnel	Not Applicable
3.	Settlement details	Not Applicable

Historical Stock Returns for Skipper

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.58%	-5.22%	+20.59%	+25.58%	+5.91%	+573.74%

What is the estimated timeline for the Commissioner (Appeals-I) to adjudicate this appeal?

How might the potential reinstatement of the tax demand impact Skipper Limited's cash flow and financial planning for FY 2026-27?

Does this appeal signal a broader shift in the tax authority's stance on the treatment of unbilled revenue for the period in question?

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Skipper Limited shareholders approve director pay revisions

1 min read Updated on 09 Jun 2026, 03:02 AM

Reviewed by

Shriram SScanX News Team

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Skipper Limited shareholders approved amendments to the Articles of Association and revised remuneration for top executives, including Chairman Dr. Sajan Kumar Bansal and Whole Time Directors Mr. Sharan Bansal, Mr. Devesh Bansal, and Mr. Siddharth Bansal, through a postal ballot process. The resolutions were passed with over 99.8% approval, with the Promoter and Promoter Group casting 75,080,657 votes in favour. The e-voting process, conducted by NSDL and scrutinized by Mr. Raj Kumar Banthia of M/s. MKB & Associates, saw participation from 251 members holding 80,490,373 shares.

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Skipper Limited shareholders have approved amendments to the company's Articles of Association (AoA) and revised remuneration for its top executives through a postal ballot process. The resolutions, passed as special resolutions, authorize changes to the pay structure for Dr. Sajan Kumar Bansal, Chairman and Managing Director, and Whole Time Directors Mr. Sharan Bansal, Mr. Devesh Bansal, and Mr. Siddharth Bansal. The approvals were sought under Sections 196 and 197 of the Companies Act, 2013, read with Schedule V of the Act and relevant SEBI regulations.

The remote e-voting facility, provided by National Securities Depository Limited (NSDL), was open from May 8, 2026, at 9:00 AM IST until June 6, 2026, at 5:00 PM IST. Mr. Raj Kumar Banthia, a Practicing Company Secretary and partner of M/s. MKB & Associates, was appointed as the scrutinizer to ensure the conduct of the postal ballot was fair and transparent. The process was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results Summary

A total of 251 members holding 80,490,373 fully paid-up equity shares cast their votes through remote e-voting. All five resolutions were passed with the requisite majority. The detailed voting results for the key resolutions are as follows:

Resolution Description	Votes For	Votes Against	% For	% Against
Amendment in Articles of Association	80,489,192	1,181	99.9985	0.0015
Revision in Remuneration of Dr. Sajan Kumar Bansal	80,373,131	116,677	99.8550	0.1450
Revision in Remuneration of Mr. Sharan Bansal	80,373,115	116,792	99.8549	0.1451
Revision in Remuneration of Mr. Devesh Bansal	80,373,014	116,893	99.8548	0.1452
Revision in Remuneration of Mr. Siddharth Bansal	80,373,015	116,892	99.8548	0.1452

The Promoter and Promoter Group cast 75,080,657 votes in favour of all resolutions. Public Institutions and Public Non-Institutions also participated, with the majority of votes from these categories in favour of the proposals. The detailed e-voting results and the scrutinizer's report have been submitted to the stock exchanges and are available on the company's website.

Historical Stock Returns for Skipper