Aether Industries Receives ₹4.26 Crore GST Notice

Aether Industries received a GST demand and show cause notice worth ₹4.26 crore from Surat Commissionerate.
The notice disallows tax credit on IPO-related expenses for FY 2020-21 and FY 2021-22.
The company states the notice will have no material implication on its operations.
Aether will submit an appropriate response to the Additional Commissioner authority.