Tax & Penalty29 Sept 2026, 06:50 pm
Flair Writing Industries Receives ₹31 Lakh Tax Demand Notice
AI Summary
Flair Writing Industries Ltd has disclosed receipt of a demand cum show cause notice from the Assistant Commissioner CGST& C.EX. Division-VIII, Valsad, Surat Commissionerate. The notice, dated September 29, 2026, alleges a tax demand of ₹31,07,836.98 for FY 2022-23 under the CGST, SGST, and IGST Acts. No penalty or interest has been levied at this stage. The company plans to file a reply and states there is no material impact on its financials or operations currently, though this could change based on the final determination.
Key Highlights
- Received demand cum show cause notice for ₹31,07,836.98.
- Notice pertains to FY 2022-23 under CGST, SGST, IGST Acts.
- No penalty or interest levied at this stage.
- Company to file a reply; no material financial impact expected.
Price Impact
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