The matter originated from a Form DRC-01A issued by the Office of the Assistant Commissioner of State Tax, Unit 74, Vapi, Gujarat, dated 16th July 2026, which the company had previously intimated on 17th July 2026. The matter concerned an alleged excess availment/utilization of Input Tax Credit (ITC) amounting to ₹1,93,340 for FY 2022-23.
The company has resolved the matter by making the requisite payment towards the tax, interest, and applicable penalty as ascertained by the GST Authority. The payment was duly acknowledged by the authority vide Form GST DRC-04 bearing Reference No. ZD2408260377832 dated 10th August 2026.
The company states that the matter now stands settled and no further action is pending. The impact on the company's financial, operational, or other activities is stated to be limited to the payment made, with no further material impact on its operations.