Key Quantitative Figures
- Tax demand amount: ₹33.47 lakhs
- Audit period covered: April 2020 to March 2024
- No interest or penalty amounts specified in the notice
Dates of Action
- Show cause notice received: August 19, 2026 (disclosure date)
- Audit period: April 2020 to March 2024
- Response timeline: Company will respond within prescribed timelines (not specified)
Parties Involved
- Issuing authority: Office of Assistant Commissioner, Central GST and Central Excise, Audit Commissionerate, Vadodara
Alleged Violation
Non-reversal of Input Tax Credit (ITC) on stock difference relating to the audit period April 2020 to March 2024.
Company Response and Stance
The company will be submitting its response to the show cause notice before the authority within prescribed timelines. The company firmly believes that:
- The demands are not sustainable and erroneous
- Any financial implication is likely to be very insignificant
- No material impact on the financial position of the Company
Financial Impact Assessment
As per company assessment: Financial impact likely to be insignificant with no material impact on financial position. Quantified exposure: ₹33.47 lakhs tax demand (no interest or penalty).
Annexure Details
The annexure provides structured disclosure as required by SEBI circular, containing:
- Authority details: Assistant Commissioner, Central GST and Central Excise, Audit Commissionerate, Vadodara
- Nature of notice: Show cause notice under Section 74 of CGST Act, 2017
- Basis: Audit under Section 65 of CGST Act, 2017
- Violation: Non-reversal of ITC on stock difference
- Period: April 2020 to March 2024
- Amount: ₹33.47 lakhs (tax only)