Tax & Penalty15 May 2026, 11:32 am
Dr. Agarwals Faces ₹15.08 Cr GST Demand Notice
AI Summary
Dr. Agarwals Health Care Ltd received a Show Cause Notice (SCN) from GST authorities alleging discrepancies in FY23 returns. The notice, dated May 14, 2026, from the Assistant Commissioner, GST & Central Excise, Nungambakkam, Chennai, claims discrepancies such as output turnover differences, short tax payments, and ineligible ITC claims. The company is required to respond within 30 days, potentially facing a GST demand of ₹15.08 Crores plus interest and penalties. The company is examining the notice and does not anticipate a significant impact on its financials or operations.
Key Highlights
- Dr. Agarwals received a GST Show Cause Notice for FY23 discrepancies.
- The SCN alleges ₹15.08 Cr in unpaid GST, plus interest and penalties.
- The company is examining the notice and will respond within 30 days.
- Dr. Agarwals does not expect a significant financial impact.