Nature of the Event
The company has received a Show Cause Notice (SCN) in Form GST DRC-01 dated September 11, 2026, which was received on September 17, 2026 through email. The notice was issued by the Office of the Assistant Commissioner, C.G.S.T. & Central Excise Division - III, Indore under Section 73 of the CGST Act, 2017.
Specifics of the Notice
- Authority: Office of the Assistant Commissioner, C.G.S.T. & Central Excise Division - III, Indore (GST Department)
- Period Involved: Financial Year 2022-2023
- Tax Demand Raised: ₹1,71,20,276
- Penalty Raised: ₹17,12,027.599
- Total Financial Impact: ₹1,88,32,303.599
- Allegations: The SCN alleges excess availment of input tax credit (ITC) during FY 2022-23, specifically:
- Excess ITC availed
- Excess availment of ITC on account of "Inward supplies (liable to reverse charge)"
Company Assessment and Response
The company has stated that it does not foresee any material impact on its financial, operational or other activities from this notice. Vikran Engineering will respond to the notice within the specified time period as required.