Disclosure Context
Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The disclosure was made on 12th August, 2026.
Notice Details
RCCPL Private Limited, a wholly owned material subsidiary of Birla Corporation Limited, received a Demand-cum-Show Cause Notice from the Joint Commissioner, Central Goods & Service Tax (CGST) & Central Excise, Nagpur-I Commissionerate.
The notice was received on 11th August, 2026 at approximately 12:57 PM IST.
Nature of Dispute
The notice was issued under Section 74(1) of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017.
The allegation pertains to wrongful availment of Input Tax Credit (ITC) in contravention of Section 16(2) of the CGST Act, 2017. The basis for the allegation is a negative balance reflected in Table 8D of GSTR-9 for the financial years 2020-21 and 2022-23.
Financial Implications
Demand Amount: ₹10,30,06,338 (Ten Crore Thirty Lakh Six Thousand Three Hundred Thirty-Eight Rupees)
Additional Liability: Equivalent penalty amount and applicable interest
Company's Position and Impact Assessment
The company states: "There is no impact on the financial, operations or other activities of RCCPL."
The company considers the notice to have no merits and not maintainable, stating it is based merely on the differential Input Tax Credit reflected in Table 8D of GSTR-9.
RCCPL has received a favourable order in a similar matter previously and is in the process of submitting its reply within the prescribed time period.