Tax & Penalty31 Aug 2026, 05:10 pm
Flair Writing Industries Receives GST Show Cause Notice for ₹26.28 Lakhs
AI Summary
Flair Writing Industries Ltd has received a Show Cause Notice under Section 73 of the CGST Act, 2017, from the Office of the State Tax Officer, Gujarat. This notice pertains to GST scrutiny proceedings for FY 2022-23 and quantifies a demand of ₹26,27,665, comprising tax, interest, and penalty. The company had previously received an audit observation for ₹78,80,221. Flair Writing Industries plans to submit its reply to the authorities and states that there is no material impact on its financials or operations at this stage, with any final impact dependent on the adjudication outcome.
Key Highlights
- Received GST Show Cause Notice for FY 2022-23.
- Demand quantified at ₹26.28 Lakhs (tax, interest, penalty).
- Previous audit observation was for ₹78.80 Lakhs.
- Company will submit reply and pursue on merits.
- No material impact on financials or operations currently.
Price Impact
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