H.G. Infra Receives ₹94 Cr GST Show Cause Notice for FY23

H.G. Infra Engineering Ltd has received a Show Cause Notice (SCN) from the Deputy Commissioner of Commercial Taxes, Karnataka, under the Central and Karnataka Goods and Services Tax Acts, 2017. The notice, dated September 16, 2026, pertains to GST audit proceedings for FY 2022-23 and alleges discrepancies in input tax credit and turnover reconciliation, with an aggregate potential liability of ₹94,00,00,328. The company believes the observations are not sustainable and does not foresee a material financial impact at this stage, expecting a favorable outcome after filing a response.