GST Show Cause Notice of Rs. 77349835 on Wholly Owned Subsidiary
Greenlam Limited, a wholly owned subsidiary, has received a GST Show Cause Notice (Form DRC-01) from the Assistant Commissioner (ST), Tirupati-II, Andhra Pradesh, dated 29.09.2026.
- Notice Type
- GST Show Cause Notice (Form DRC-01)
- Amount Involved
- Rs. 77349835
- Issue
- Alleged ineligible input tax credit under Section 17 of CGST/APGST Act 2017
- Financial Year
- FY 2022-23
- Response Deadline
- 30 days from notice date
What was intimated
Greenlam Industries informed the exchanges under Regulation 30 that its wholly owned subsidiary, Greenlam Limited, has received a Show Cause Notice in FORM GST DRC-01.
- Issuing authority: Assistant Commissioner (ST), (Chittoor), (TIRUPATI-II), Government of Andhra Pradesh
- Notice dated 29.09.2026; received September 29, 2026
- Period involved: Financial Year 2022-23
- Amount involved: Rs. 77349835 of input tax credit alleged to be ineligible under Section 17 of the CGST/APGST Act 2017
- Issued under Section 73 of the CGST/APGST Act 2017, asking for payment along with applicable interest and penalty, or objections within 30 days
What a Show Cause Notice means
It is a stage where the tax authority sets out its claim and gives the taxpayer a chance to respond. It is not a final demand order, and the subsidiary can file objections within the stated time.
Company's stated position
The company said it is reviewing the notices and evaluating appropriate legal recourse, is hopeful of a favourable outcome, and therefore does not expect any material impact on its financials or operations.
What to watch
The eventual adjudication outcome and whether any amount, interest or penalty is finally confirmed.
More numbers
- Alleged ineligible input tax creditRs. 77349835
- Time to raise objection30 days
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