Tax & Penalty28 Aug 2026, 06:31 pm
Kallam Textiles Receives ₹4.97 Cr GST Show Cause Notice
AI Summary
Kallam Textiles Limited has received a GST Show Cause Notice (DRC-01) dated August 27, 2026, from the Additional Commissioner (S.T), Vijayawada, Andhra Pradesh. The notice pertains to the financial year 2020-21 and alleges non-payment of tax, interest, and penalty amounting to ₹4,97,70,714. The company, currently under CIRP, disputes the notice and plans to take appropriate action. The notice was issued under Section 73(1) of the Andhra Pradesh Goods and Services Tax Act, 2017.
Key Highlights
- GST Show Cause Notice received for ₹4.97 Cr tax, interest, and penalty.
- Notice relates to alleged non-payment for Financial Year 2020-21.
- Company disputes the notice and will take appropriate action.
- Kallam Textiles is currently under Corporate Insolvency Resolution Process (CIRP).
Price Impact
More from KALLAM