Tax & Penalty14 Apr 2026, 06:41 pm
Innova Captab: ₹15.81 Cr CGST Demand Dropped, No Liability
AI Summary
Innova Captab Ltd received a Show Cause cum Demand Notice dated October 15, 2025, under section 74 of the CGST Act, 2017, from the Central Goods & Services Tax Commissionerate, Shimla, proposing a demand of ₹15,81,37,255.40. The company filed a timely response with supporting documents. After reviewing the submissions, the adjudicating authority issued an Order-in-Original on April 14, 2026, dropping the proceedings. The authority held that the matter raised in the notice was legally sustainable, resulting in the proposed demand and penal proceedings being dropped, with no liability for the company.
Key Highlights
- Company received a Show Cause cum Demand Notice for ₹15.81 Cr.
- Notice was issued under section 74 of the CGST Act, 2017.
- Company successfully challenged the tax demand with its response.
- Adjudicating authority dropped the entire demand and penal proceedings.
- No tax liability of ₹15.81 Cr for Innova Captab Ltd.