GST Show Cause Notice of Rs.24,98,84,511 on Wholly Owned Subsidiary NU Vista
GST show cause notice received by NU Vista Limited, a wholly owned subsidiary.
- Proposed Tax Demand
- Rs.24,98,84,511 for FY 2022–23
- Additional Penalty
- 10% penalty plus interest
- Issuing Authority
- Assistant Commissioner, CT & GST Circle Jajpur, Odisha
- Notice Received Date
- September 30, 2026
- Entity
- NU Vista Limited, wholly owned subsidiary
What was shared
The company disclosed that its wholly owned subsidiary, NU Vista Limited, received a show cause notice from the Assistant Commissioner, CT & GST Circle Jajpur, Odisha on September 30, 2026.
The demand
- Proposed tax demand of Rs.24,98,84,511 for FY 2022–23
- Along with interest and a 10% penalty
Grounds cited in the notice
- Revision of turnover based on calculation of yield from raw material to finished product, which the company calls incorrect
- Treating the turnover reflected in Form 26AS as taxable turnover
- Denial of input tax credit due to loss of moisture in raw material
Company's position
The company states the notice will not be sustained as the demand stems from incorrect calculations and is against the provisions of law. It says it has supporting documents and legal precedents, and expects no major financial impact. A reply will be shared before the Assistant Commissioner.
How to read this
A show cause notice is a preliminary step asking the taxpayer to explain why a demand should not be raised; it is not a final order. The amount becomes relevant only if confirmed after the reply and any further appeals.
Also from Nuvoco Vistas Corporation
Clarification on Date of Receipt of GST Show Cause Notice by Wholly Owned Subsidiary NU Vista
30 Sep 2026
GST Show Cause Notice of Rs.10.70 crore on wholly owned subsidiary NU Vista
29 Sep 2026
Definitive agreements signed to acquire 26% in SPV for 46.4 MW wind-solar hybrid power project in Rajasthan
29 Sep 2026
More numbers
- Proposed tax demand for FY 2022-23Rs.24,98,84,511
- Proposed penalty rate10% penalty
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