Clarification10 Aug 2026, 06:11 pm
Nureca Ltd Clarifies CGST Act Rectification Order, Reverses ₹15.4 Lakh ITC
AI Summary
Nureca Ltd has provided additional details regarding a corporate announcement dated August 7, 2026. This clarification pertains to a Final Order of Rectification received under Section 161 of the CGST Act, 2017, on August 6, 2026. The order relates to the tax period 2021-22. The settlement involves the reversal of Input Tax Credit (ITC) amounting to ₹15,40,311. The company states that this settlement has no adverse impact on its financial position, as it only involves the reversal of ITC.
Key Highlights
- Nureca Ltd clarifies CGST Act rectification order details.
- Reversal of Input Tax Credit (ITC) of ₹15,40,311 confirmed.
- Settlement pertains to tax period 2021-22.
- No adverse financial impact on the company stated.
Price Impact
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