Tax & Penalty25 Sept 2026, 03:01 pm
Vikran Engineering Receives GST Show Cause Notice for ₹83.6 Lakh Demand
AI Summary
Vikran Engineering Ltd has received a Show Cause Notice (SCN) in Form GST DRC-01A from the Deputy Commissioner, State Tax, Jaipur. The notice pertains to the financial year 2022-23 and alleges excess Input Tax Credit (ITC) claimed in GSTR-3B which was not confirmed in GSTR-2A/GSTR-2B. The tax demand raised is ₹83,61,982.91, with proposed interest of ₹62,71,486.00 and penalty of ₹8,36,196.00. The company stated that it does not foresee any material impact on its financial or operational activities and intends to file a detailed reply, believing it has a strong case on merits.
Key Highlights
- Received GST Show Cause Notice for FY 2022-23.
- Tax demand of ₹83.6 Lakhs, plus interest and penalty.
- Allegation of excess ITC claimed.
- Company expects no material financial or operational impact.
- Plans to file a strong reply to the notice.
Price Impact
More from VIKRAN