Date: 29th September 2026
Regulatory & Legal Disclosure
Vikran Engineering Limited has received a Show Cause Notice (SCN) in Form GST DRC-01A with Reference No. ZD0809260899785 dated 28th September 2026, issued by the Office of Deputy Commissioner, State Tax, Circle-Vaishali Nagar, Jaipur-IV.
The notice was issued under sections 73, 50, 16, 122, 59, 160 of the RGST ACT 2017 read with CGST ACT 2017 read with section 20 of IGST ACT 2017.
Notice Details
Nature of Notice: Show cause notice for alleged utilization of Excess Input Tax Credit (ITC)
Period Involved: Financial Year 2022-23
Financial Demands:
- Tax demand raised: ₹33,414,995.21
- Interest demanded: ₹24,124,710.00
- Penalty raised: ₹3,341,498.00
- Total financial impact: ₹60,881,203.21
Date of Receipt: 28th September 2026
Company's Response and Assessment
The company has stated that it will file detailed objections/reply against the show cause notice before the State Tax Officer and believes it has a strong case on merits.
Impact Assessment: The company does not foresee any material impact on its financial, operational or other activities from this notice.