Key Event Details
- Type of Communication Received: Show Cause Notice (SCN)
- Date of Receipt: May 26, 2026 at 02:02 PM (IST)
- Issuing Authority: Joint Commissioner of GST, Corporate Circle-2, Greater Noida, Gautam Budha Nagar, Uttar Pradesh
- Reference Period: Financial Year 2021-22
- Legal Basis: Issued under Section 74 of Central Goods and Services Tax Act, 2017 and Uttar Pradesh Goods and Services Act, 2017 read with Section 20 of Integrated Goods and Services Tax Act, 2017
Financial Demand Details
- Total Demand Amount: ₹116.72 Crore
- Breakdown:
- Principal Tax: ₹58.36 Crore
- Penalty: ₹58.36 Crore
Allegations and Basis
The Show Cause Notice alleges that the company has claimed excess Input Tax Credit. The discrepancy was identified by comparing:
- Data auto-reflected in GSTN Portal (Table 8A of GSTR-9 Annual Return)
- Input Tax Credit claimed by company in GSTR-3B (Monthly Return)
The tax department contends that the company claimed input tax credit beyond what was reflected in the system.
Company's Position and Impact Assessment
- Financial Impact: The company states "There is no impact on financials, operations or other impact due to this show cause notice"
- Reasoning: The company considers this a "reconciliation issue" and maintains that "the Input Tax Credit claimed by Company is within the ambit of GST Provision"
- Aberrations/Non-compliances: The disclosure explicitly states "No" aberrations or non-compliances identified by the authority
Company Action Plan
The company will file its reply to the Show Cause Notice within one month along with evidence demonstrating that the company "has not claimed any excess Input Tax Credit."
Additional Information
The disclosure confirms that there is no other relevant information beyond what has been provided in the annexure.
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