Tax & Penalty25 Sept 2026, 04:41 pm
Indag Rubber Receives GST Show Cause Notice for ₹1.77 Lakhs
AI Summary
Indag Rubber Limited has received a Show Cause Notice (SCN) from the Office of the Joint Commissioner of Commercial Taxes, Bhiwadi, Rajasthan, under Section 73 of the GST Act, 2017. The notice pertains to the financial year 2022-23 and relates to input tax credit wrongly availed or utilized. The total differential tax liability, including interest, amounts to ₹1,77,144, comprising IGST of ₹1,76,516, SGST of ₹314, and CGST of ₹314. The company stated that there is no impact on its financials, operations, or other activities and will file an appropriate response within the prescribed timelines.
Key Highlights
- Received GST Show Cause Notice for FY 2022-23.
- Total tax liability and interest amount to ₹1,77,144.
- Notice concerns wrongly availed input tax credit.
- Company expects no financial or operational impact.
- Will file a response within stipulated timelines.
Price Impact
More from INDAG