Vikran Engineering Receives GST Show Cause Notice for ₹1.71 Cr ITC

Vikran Engineering Ltd has received a Show Cause Notice (SCN) from the Assistant Commissioner, C.G.S.T. & Central Excise Division – III, Indore, dated September 11, 2026. The notice, issued under Section 73 of the CGST Act, 2017, pertains to excess Input Tax Credit (ITC) availed during the Financial Year 2022-2023. The tax demand raised is ₹1,71,20,276, with a penalty of ₹17,12,027.599. The alleged contravention involves excess ITC availed, specifically on account of inward supplies liable to reverse charge. The company stated that it does not foresee any material impact on its financial or operational activities and will respond to the notice within the specified timeframe.