Super Sales India Limited Receives GST Demand Notice of ₹9.24 Lakh for FY 2020-21
Super Sales has received a GST demand notice from the Assistant Commissioner, Trichy Road Circle, Coimbatore for the financial year 2020-21. The total demand amounts to ₹9,24,136, comprising ₹4,72,456 in tax, ₹3,67,334 in interest, and ₹84,346 in penalties. The notice addresses issues including ITC claims from blocked accounts, claims related to cancelled dealers, and reconciliation differences in GST filings. The company plans to comply with the demand and states that it will not have a material impact on its financials or operations.

*this image is generated using AI for illustrative purposes only.
Super Sales has received a GST demand notice from tax authorities, as disclosed in a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
GST Demand Details
The textile company received the demand notice from the Assistant Commissioner, Trichy Road Circle, Coimbatore. The notice pertains to the financial year 2020-21 and carries significant financial implications for the company.
| Component | Amount (₹) |
|---|---|
| Tax | 4,72,456 |
| Interest | 3,67,334 |
| Penalty | 84,346 |
| Total Demand | 9,24,136 |
Nature of Non-Compliance
The GST authorities have identified specific aberrations in the company's tax compliance during the period. The demand notice addresses the following issues:
- ITC (Input Tax Credit) claimed from blocked accounts
- Claims related to cancelled dealers
- Reconciliation differences in GST filings
These compliance gaps have resulted in the substantial demand being raised by the tax authorities for the assessment period of 2020-21.
Company's Response and Impact Assessment
Super Sales India Limited has indicated its intention to comply with the demand notice. The company has stated that it will make the payment for the above-mentioned demand amount of ₹9.24 lakh.
Regarding the financial impact, the company has assessed that there will be no material impact on its financials, operations, or other business activities due to this GST demand. This suggests that the company has adequate resources to handle the payment without affecting its operational capabilities.
Regulatory Compliance
The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30(13) which mandates disclosure of communications from regulatory, statutory, enforcement, or judicial authorities. The company secretary, SK Radhakrishnan, has certified that the information provided is true, correct, and complete to the best of his knowledge and belief.
The company's registered office is located at 34-A, Kamaraj Road, Coimbatore-641018, and this regulatory communication demonstrates the company's commitment to maintaining transparency with its stakeholders regarding material developments.
Historical Stock Returns for Super Sales
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | -1.95% | -12.03% | -21.06% | -50.66% | +136.07% |






























