Details of the Notice

  • Issuing Authority: Office of the Commissioner of Central Tax, Kolkata Audit-I CGST & CX Commissionerate
  • Notice Date: August 6, 2026
  • Receipt Date: August 11, 2026
  • Assessment Period: Financial years 2021-22 to 2023-2024
  • Allegations: Short payment of tax under Reverse Charge Mechanism (RCM) along with irregular availment of Input Tax Credit (ITC)

Financial Impact Demanded

  • Tax Demand: ₹1,80,43,529 (Rupees one crore eighty lakh forty three thousand five hundred twenty nine only)
  • Interest: Applicable interest under Section 50 of the CGST Act
  • Penalty: Equivalent to the tax amount under Section 74 of the CGST Act
  • Total Potential Liability: Tax amount + interest + penalty (exact interest amount not quantified in disclosure)

Company Response and Status

  • The company is currently in discussions with its tax advisors and evaluating the notice
  • The company will pursue legal remedies as may be available and advised
  • The disclosure states there is no immediate impact on the financials, operations, or other activities of the Company

Additional Information