NSE/BSE Codes: Series EQ, Symbol: SINTERCOM, ISIN: INE129Z01016
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure of receipt of Show Cause Notice under Section 73(1) of the Maharashtra Goods & Services Tax Act, 2017 regarding disallowance of Input Tax Credit.
Involved Parties / Authorities:
- Opposing Party: Maharashtra GST Department
- Issuing Authority: Deputy Commissioner, State Tax, Pune, Maharashtra GST Department
- Government Department: Government of Maharashtra Department of Goods and Service Tax
Date / Timeline of Event:
- Notice Date: 07 September 2026
- Receipt Date: 07 September 2026 at 18:08 pm
- Disclosure Date: 08 September 2026
- Period Under Scrutiny: April 2022 to March 2023
Brief Description of Outcome / Dispute:
The company received a Show Cause Notice as part of GST scrutiny proceedings that disallows Input Tax Credit for the financial period April 2022 to March 2023. The notice carries an aggregate demand of ₹2,55,16,622 comprising tax, interest, and penalty components.
Impact of Outcome:
Financial Impact:
- Total Financial Liability: ₹2,55,16,622
- Tax Component: ₹1,34,65,236
- Interest Component: ₹1,07,04,863
- Penalty Component: ₹13,46,524
- The amount represents disallowance of Input Tax Credit claims
Operational / Business / Strategic Impact:
No material disclosures in this section regarding operational, business, or strategic impacts.
Other Implications:
No material disclosures in this section regarding other implications.
Next Steps / Required Actions:
The company is in the process of preparing and submitting a response to the show cause notice within the stipulated timeframe mentioned in the notice. The matter is open for further submissions before the relevant authorities.