BRIGADE ENTERPRISES LIMITED : RECEIVED SHOW CAUSE NOTICE UNDER GST ACT. • Company received a show cause notice under section 73(1) of the Central/Karnataka Goods and Services Tax Act, 2017, read with rule 142(1)(a) of the Central/Karnataka Goods and Services Tax Rules, 2017 & section 20 of the Integrated Goods and Services Tax Act, 2017. • The dispute pertains to arbitrary tax proposal on revenue differences between financials statements and GST returns, alleged excess availment of ITC, and alleged short reversal of ITC. • The company notes the notice was served in gross violation of the principles of natural justice. • Expected financial implications: The SCN has no merits and the company will make necessary submissions. • Quantum of claims: There is no impact on financial, operational or other activities. Impact: Negative (Regulatory dispute with potential financial implications and procedural concerns)