Tax & Penalty3 Nov 2026, 06:21 pm
3C IT Solutions Receives ₹3.88 Cr GST Show Cause Notice
AI Summary
3C IT Solutions and Telecoms (India) Ltd has received a show cause notice (DRC-01) from the Deputy Commissioner of State Tax, Pune, under the CGST Act & MGST Act, 2017. The notice alleges excess availment of Input Tax Credit (ITC) due to mismatches and non-reversal. The proposed demand amounts to ₹3,88,79,032, comprising tax of ₹2,00,09,795, interest of ₹1,68,68,257, and penalty of ₹20,00,980 for FY 2022-23. The company stated that the actual financial implication will depend on adjudication and believes it has strong grounds to defend its case, expecting no material financial impact at this stage.
Key Highlights
- Company received GST show cause notice for FY 2022-23.
- Proposed demand totals ₹3.88 Cr (₹2.00 Cr tax, ₹1.68 Cr interest, ₹0.20 Cr penalty).
- Allegations include excess ITC due to GSTR-3B/GSTR-2B mismatch.
- Company believes it has strong grounds to contest the demand.
- No material financial impact expected at this stage.
Price Impact
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