Spectrum Talent Management Receives Rs 103 Crore GST Show Cause Notice

Received a GST show-cause notice for FY2022-23 proposing ₹103.57 crore, comprising ₹56.97 crore tax, ₹40.90 crore interest and ₹5.70 crore penalty, over alleged input-tax-credit, credit-note and export/SEZ documentation discrepancies. No immediate financial impact; company will evaluate, respond and pursue legal remedies. Context: materially larger than the earlier GST notice.