Tax & Penalty17 Jul 2026, 07:00 pm
Harish Textile Engineers Receives GST Notice for ₹1.93 Lakhs ITC Shortfall
AI Summary
Harish Textile Engineers Ltd has received a Goods and Services Tax (GST) notice from the Assistant Commissioner of State Tax, Vapi. The notice, dated July 16, 2026, pertains to the financial year 2022-23 and alleges a short payment of tax due to excess Input Tax Credit (ITC) availment amounting to ₹1,93,340. The notice also proposes interest of ₹1,31,959 and a penalty of ₹29,001. The company is currently examining the notice and preparing a detailed reply. At this stage, it is considered a scrutiny notice, and no final demand or adverse order has been passed.
Key Highlights
- GST notice received for FY 2022-23 alleging ITC excess availment.
- Proposed tax shortfall of ₹1,93,340, with interest and penalty.
- Company is reviewing the notice and preparing a response.
- No final demand or adverse order has been issued yet.
Price Impact
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