Raghuvir Synthetics Limited
Key Quantitative Figures
The aggregate amount of tax, interest and applicable penalty stated in FORM GST DRC-01A is ₹3.76 crore.
This amount differs from the ₹1.88 crore referred to in the company's earlier disclosure dated 29 May 2025 regarding the same matter.
Dates of Action
- Date of receipt of communication: 10th August, 2026
- Previous disclosure made: 29th May, 2025
- Current disclosure date: 11th August, 2026
Parties Involved
- Issuing authority: GST Department
- Recipient: Raghuvir Synthetics Limited
Financial Years Involved
FY 2020-21 and FY 2021-22
Nature of Alleged Violation
The Company has been alleged to have committed violations relating to the availment and utilisation of Input Tax Credit under the applicable provisions of GST law.
Company's Response and Position
The Company is in the process of seeking clarification from the GST authorities regarding the apparent difference between the amount stated in the present intimation (₹3.76 crore) and the amount referred to in the earlier communication (₹1.88 crore).
The Company has reviewed the matter and believes that the ITC was appropriately availed under the applicable GST provisions.
Financial and Operational Impact
As explicitly disclosed: "There is no material impact on the operations of the Company."
Forward-Looking Statement
The Company will continue to monitor the matter and keep the Stock Exchanges informed of any material developments, as may be required under applicable laws and regulations.