Date: September 25, 2026
Regulatory Disclosure Details
Show Cause Notice Summary
Authority: Office of the Deputy Commissioner of State Tax, Nodal BandraWest503, Division-6 (Santacruz Division, Nodal-6), GST Bhavan, Mazgaon, Mumbai, Government of Maharashtra, Department of Goods and Service Tax.
Notice Details: Show Cause Notice in Form GST DRC-01 dated September 22, 2026, issued under Section 73(1) of the Central Goods and Services Tax Act, 2017 read with the Maharashtra Goods and Services Tax Act, 2017.
Basis of Notice: Pursuant to scrutiny of returns under Section 61 of the CGST/MGST Act for the Financial Year 2022-23.
Total Demand Proposed: ₹6,18,61,905/- comprising:
- Tax: ₹3,04,36,444/-
- Interest: ₹2,66,42,312/-
- Penalalty: ₹47,83,149/-
Alleged Violations
The Company is alleged to have committed the following contraventions for FY 2022-23:
1. Declared outward tax liability in Form GSTR-1 in excess of tax paid as per Form GSTR-3B/GSTR-9, resulting in an alleged short payment of ₹18,31,000/- (IGST).
2. Availed input tax credit in Form GSTR-3B/GSTR-9 that is not confirmed/reflected in Form GSTR-2A/2B, resulting in an alleged excess/ineligible availment of ₹2,86,05,444/- broken down as:
- IGST: ₹1,55,64,048/-
- CGST: ₹65,20,698/-
- SGST: ₹65,20,698/-
Timeline and Response
Date of Receipt: The notice was uploaded on the GST Portal on September 22, 2026, and came to the company's knowledge on September 25, 2026.
Hearing Date: Personal hearing scheduled for October 22, 2026.
Company Response: The company will file a detailed reply to the notice along with requisite supporting documents within the permitted time.
Impact Assessment
The company believes it has adequate grounds to substantiate its position and, at this stage, does not anticipate any material impact on its financial, operational or other activities arising from this Show Cause Notice.
Other Sections
Financial Results: Not Specified
Dividend Declaration: Not Specified
Board Meeting Outcomes: Not Specified
KMP / Board / Auditor Changes: Not Specified
Auditor's Report: Not Specified
Disinvestment / Strategic Actions: Not Specified
Media Release / Investor Communication: Not Specified