Key Quantitative Figures
The Show Cause Notice demands an aggregate liability of ₹94,00,00,328 (Ninety-Four Crore Three Hundred Twenty-Eight Rupees) under the Central Goods and Services Tax Act, 2017 and the Karnataka Goods and Services Tax Act, 2017.
Date of Receipt
The notice was received on September 16, 2026.
Authority Involved
The Deputy Commissioner of Commercial Taxes, Karnataka, Bengaluru issued the notice.
Details of Alleged Violations
The notice contains various observations relating to:
- Input tax credit issues
- Reconciliation of turnover reported in GST returns with financial statements
The notice was issued in connection with GST audit proceedings for Financial Year 2022-23.
Company's Response and Assessment
Based on preliminary assessment, the Company believes:
- The observations and amounts proposed are not sustainable on facts or in law
- No material financial impact is foreseen at this stage
- Financial impact, if any, would depend on the outcome of adjudication proceedings
The Company will file a response to the Show Cause Notice with:
- Factual position
- Proper documentation
- Legal arguments
The Company reasonably expects a favorable outcome based on the merits of the matter, factual position, and prevailing law.
Financial Impact Assessment
Financial impact not quantified in the disclosure beyond the notice amount. The company has not provided for any liability related to this notice in its financial statements.