Tax & Penalty29 Sept 2026, 06:20 pm
Nucleus Software Receives GST Show Cause Notice for ₹17.49 Cr Demand
AI Summary
Nucleus Software Exports Ltd has received a show cause notice (DRC 01) from the Deputy Commissioner, Gautambuddha Nagar, Uttar Pradesh, under Section 73(1) of the CGST Act, 2017 & IGST Act, 2017. The notice, dated September 29, 2026, pertains to the Financial Year 2022-23 and raises a demand of ₹17.49 crore, which includes interest of ₹6.92 crore and penalty of ₹0.96 crore. The demand is primarily on account of credit notes issued, input tax credit claimed under reverse charge mechanism, and other input tax credit matters. The company stated that there is no impact on its financial or operational activities and believes it has legal grounds to defend itself.
Key Highlights
- Received GST show cause notice for FY 2022-23.
- Demand raised is ₹17.49 crore, including interest and penalty.
- Notice relates to credit notes and input tax credit claims.
- Company believes it has grounds to defend the claim.
- No immediate financial or operational impact stated.
Price Impact
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