Mukka Proteins receives $780,000 GST notices over IPO costs

Mukka Proteins Limited received two GST notices from tax authorities dated August 25, 2025, concerning alleged ineligible Input Tax Credit on IPO services from FY 2021-22 to 2024-25.

The tax demand, including interest and penalty, totals ₹7.8 crore (₹4.37 crore for FY 2021-22 to 2023-24 and ₹3.45 crore for FY 2024-25).

The company believes the demand is not maintainable and is evaluating appeal options, expecting no significant impact on its financials or operations.