Tax & Penalty6 Oct 2026, 11:00 pm
Tenneco Clean Air India Receives GST Show Cause Notice for ₹28.5 Cr
AI Summary
Tenneco Clean Air India Limited has received a Show Cause Notice (SCN) from the Deputy Commissioner of State Tax, Maharashtra, for the Financial Year 2022-23. The notice alleges excess availment of input tax credit amounting to ₹285,488,700 (₹28.55 Crore), along with proposed interest of ₹224,429,799 (₹22.44 Crore) and penalty of ₹57,117,740 (₹5.71 Crore). The company stated that it has adequate grounds to contest the allegations and is preparing a detailed response. Tenneco Clean Air India does not currently foresee any material impact on its financial position or operations, as the SCN is at a preliminary stage.
Key Highlights
- Received GST Show Cause Notice for FY 2022-23.
- Alleged excess input tax credit of ₹28.55 Crore.
- Proposed interest and penalty amounts detailed.
- Company believes it has grounds to contest allegations.
- No material financial impact anticipated currently.
Price Impact
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