Tax & Penalty26 Sept 2026, 06:40 pm
Saurashtra Cement Receives ₹2.07 Cr Tax Show Cause Notice
AI Summary
Saurashtra Cement Limited has received a Show Cause Notice from the Office of the Deputy Commissioner of State Tax, Maharashtra, under Section 73 of the CGST & SGST Act 2017. The notice pertains to excess Input Tax Credit claimed in GSTR-3B/9 for the financial year 2022-23, with a demand amounting to ₹2,06,93,890. The company believes the demand is not maintainable and is evaluating the matter to submit a reply within the prescribed time. Saurashtra Cement does not anticipate any significant impact on its financial operations or other activities.
Key Highlights
- Received Show Cause Notice from State Tax Office for ₹2.07 Cr.
- Notice relates to excess Input Tax Credit claimed for FY 2022-23.
- Company disputes the maintainability of the demand.
- No significant financial or operational impact expected.
Price Impact
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