Tax & Penalty1 Oct 2026, 06:30 pm
Rithwik Facility Management receives GST Show Cause Notice
AI Summary
Rithwik Facility Management Services Ltd has received a show cause notice from the Assistant Commissioner (ST), Guindy Assessment Circle, under the TNGST/CGST Act, 2017. The notice pertains to the financial year 2023-24 and raises issues regarding non-GST supplies, ITC non-reversal, and excess/ineligible Input Tax Credit. The company states it possesses all supporting documents and anticipates no financial implication. However, if confirmed, the potential financial implication is ₹8.41 crores. No penalty or restriction has been imposed in the current notice.
Key Highlights
- Received GST show cause notice for FY 2023-24.
- Issues include non-GST supplies and ITC claims.
- Company believes no financial implication due to documentation.
- Potential financial implication of ₹8.41 crores if confirmed.
- No penalty or restriction imposed in the notice.
Price Impact
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