Tax & Penalty29 Sept 2026, 06:10 pm
Vikran Engineering Receives GST Show Cause Notice for ₹7.8 Cr Demand
AI Summary
Vikran Engineering Ltd has received a Show Cause Notice (SCN) from the Office of Deputy Commissioner, State Tax, Jaipur, concerning alleged GST TDS turnover mismatch for FY 2022-23. The notice includes a tax demand of ₹45,079,720, interest of ₹28,389,108, and a penalty of ₹4,507,972, totaling approximately ₹7.8 crore. The company stated that it does not foresee any material impact on its financial or operational activities and intends to file a detailed reply, asserting a strong case on merits.
Key Highlights
- Received Show Cause Notice for GST non-compliance.
- Total demand including tax, interest, and penalty is approx. ₹7.8 crore.
- Alleged violation relates to GST TDS turnover mismatch for FY 2022-23.
- Company expects no material financial or operational impact.
- Vikran Engineering plans to contest the notice with a detailed reply.
Price Impact
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