Birla Corp Subsidiary Receives ₹10.3 Cr Tax Demand Notice

Birla Corporation Ltd's wholly-owned subsidiary, RCCPL Private Limited, has received a demand-cum-show cause notice from the Joint Commissioner, CGST & Central Excise, Nagpur-I Commissionerate. The notice pertains to the alleged wrongful availment of Input Tax Credit (ITC) for FY 2020-21 and FY 2022-23, involving an amount of ₹10,30,06,338, along with equivalent penalty and interest. RCCPL believes the notice lacks merit, citing a favorable order in a similar past case. The company expects no financial or operational impact and is preparing its response.