Key Quantitative Figures

The show cause notice proposes a demand of INR 27,99,29,495 (₹27.99 crore).

Parties Involved

  • Issuing Authority: The Additional Commissioner, GST & Central Excise, Audit-I Commissionerate, Chennai
  • Recipient: ZF Commercial Vehicle Control Systems India Limited
  • Company Representative: C V Kavviya, Company Secretary & Compliance Officer

Reasons for Notice

The show cause notice was issued pursuant to an audit conducted under Section 65 of the CGST Act, 2017. The primary allegations include:

  • Excess availment of Input Tax Credit (ITC) as reflected in Table 8(D) of GSTR-9
  • Availment of ineligible ITC
  • Excess availment of ITC on import as compared to GSTR-2B
  • Ineligible ITC on import on account of time limitation

Financial Impact

The company explicitly states: "There is no material impact of the same on financial, operations or other activities of the Company."

Penalty Implications

The notice proposes to levy penalty under Section 74 of the CGST Act.

Company Action

The company is in the process of filing a detailed response to the show cause notice.