Key Event Details
The Company received a Demand Cum Show Cause Notice (SCN) in Form GST DRC-01, dated 22nd September 2026 and received on the same day. The notice was issued by the Office of Additional Commissioner, CGST & CX, Patna-I, Patna (GST Department).
Regulatory Basis
The notice was issued under Section 73 of the CGST Act, 2017, Bihar Goods and Service Tax Act, 2017 read with Integrated Goods and Service Tax Act, 2017.
Financial Impact
- Tax demand raised: ₹5,34,45,785
- Penalty raised: ₹53,44,579
- Total financial impact: ₹5,87,90,364
- Period involved: Financial Year 2022-23
Alleged Violations
The notice cites three specific alleged contraventions:
1. Difference between GSTR-2A and GSTR-3B
2. Tax not paid on reverse charge (RCM) basis
3. Turnover difference as per TDS supplies
Company Assessment
The Company has stated that it does not foresee any material impact on its financial, operational or other activities from this notice. The company will respond to the notice within the specified time period.
Compliance Information
The disclosure was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed by Kajal Rakholiya, Company Secretary and Compliance Officer, from the company's registered office in Thane.