Details of the Show Cause Notice
The Company has received a Show Cause Notice in Form GST DRC-01 dated August 25, 2026, issued by the Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh.
The notice was issued under Section 74 of the CGST Act, 2017 and MPGST Act, 2017 for the tax period April 2020 to March 2021.
The notice relates to alleged GST discrepancies including:
- Excess/ineligible availment of input tax credit
- Mismatch in e-way bill and GSTR-3B data
- Other related GST matters
Quantum of Demand
The notice proposes an aggregate demand of Rs. 321.60 crore, comprising tax, interest and penalty.
Company's Response and Financial Implications
The Company is currently in the process of preparing its response to the show cause notice. The Company firmly believes it has strong legal and factual grounds to defend its position and will take all necessary steps to present and defend its case before the relevant authorities.
Accordingly, the Company does not presently anticipate any material financial impact or material liability arising from the proposed demand.