StockWatch
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Industrial Products
Tax & Penalty21 Oct 2026, 12:41 pm

Harish Textile Engineers Receives GST Show Cause Notice for ₹23.03 Lacs Refund

AI Summary

Harish Textile Engineers Ltd has received a Show Cause Notice (Form GST RFD-08) from the Deputy Commissioner of State Tax, Nashik, Maharashtra, regarding a refund application for January-March 2026. The notice proposes rejection of a refund amounting to ₹23,02,781 (₹23.03 Lacs) due to discrepancies in Input Tax Credit (ITC) claimed. The company is examining the observations, which include issues with ITC availed from certain suppliers and differences in reported Net ITC. Harish Textile Engineers is preparing a reply and will attend a personal hearing on October 22, 2026. The ultimate financial impact is currently unascertainable as no final order has been passed.

Key Highlights

  • Received GST Show Cause Notice for refund application.
  • Proposed refund rejection of ₹23,02,781 (₹23.03 Lacs).
  • Discrepancies identified in Input Tax Credit (ITC) claims.
  • Company is preparing a reply and attending a hearing.
  • Financial impact is currently unascertainable.