IRCON International Faces ₹72.41 Cr GST Notice; Court Hearing Held

IRCON International has received a Goods and Services Tax (GST) notice from the Joint Commissioner CGST Audit Commissionerate, Dehradun, demanding a reply regarding inadmissible Input Tax Credit (ITC) of ₹72.41 Crore (₹72,41,05,710/-). The notice pertains to the alleged availment of inadmissible ITC on works contract services from sub-contractors. IRCON has filed a Writ Petition in the High Court of Uttarakhand at Nainital. During a hearing on October 26, 2026, the High Court directed the department to file a counter within four weeks, IRCON to reply to the show cause notice within two weeks, and restrained the GST authority from passing an order until the next hearing. The potential financial implication is ₹72.41 Crore.