Oriental Aromatics Receives GST Show Cause Notice for ₹95.68 Lakhs

Oriental Aromatics Ltd has received a Show Cause-cum-Demand Notice from the Central GST and Central Excise, Vadodara-I, under Section 74 of the CGST Act, 2017. The notice pertains to transactions with a vendor during April 2020 to March 2025, alleging that the vendor may be non-existent. The company is asked to explain why recovery of IGST Input Tax Credit (ITC) of ₹95,68,533/- along with interest and penalty should not be initiated. Additionally, a penalty under Section 122(i) is proposed for ITC of ₹15,962/- allegedly passed on to a non-existent supplier. The company is evaluating the transactions and will file an appropriate response within the prescribed timelines. At this stage, no financial liability is crystallized, and the potential impact is subject to the outcome of the proceedings.