GST Show Cause cum Demand Notice of ₹ 2,74,41,122 received for FY 2022-23
Received a GST Show Cause cum Demand Notice (Form DRC-01) dated September 29, 2026 from the Deputy Commissioner, State GST, Jaipur, Rajasthan, for FY 2022-23.
- Total Demand Amount
- ₹ 2,74,41,122
- Tax Component
- ₹ 1,52,32,048
- Interest Component
- ₹ 95,96,190
- Penalty Component
- ₹ 26,12,884
- Notice Date
- September 29, 2026
What happened
Prince Pipes and Fittings has informed the exchanges that it received a Show Cause cum Demand Notice in Form GST DRC-01 dated September 29, 2026, issued under Section 73 of the CGST/RGST Act, 2017 for financial year 2022-23. It was issued by the Office of the Deputy Commissioner, Circle Phulera-Jobner, Zone-V, Jaipur, Rajasthan, and received on September 29, 2026.
Amounts demanded
- IGST: tax 1,08,96,804, interest 68,64,986, penalty 21,79,360, total 1,99,41,150
- CGST: tax 21,67,622, interest 13,65,602, penalty 2,16,762, total 37,49,986
- SGST: tax 21,67,622, interest 13,65,602, penalty 2,16,762, total 37,49,986
- Aggregate: tax 1,52,32,048, interest 95,96,190, penalty 26,12,884, total ₹ 2,74,41,122
Allegations
- Excess outward tax shown in E-way bills compared with GSTR-3B
- Excess input tax credit claimed in GSTR-3B not confirmed in GSTR-2A/2B or GSTR-9
Company's position
Based on its own assessment, the company states the demand is not maintainable. It is evaluating the matter and will submit its reply within the prescribed time limit. It did not envisage any relevant impact on its financials, operations or other activities.
What it means for investors
A show cause notice is a preliminary step, not a final order. The tax authority is asking the company to explain before any demand is confirmed. The amount at stake here is stated as ₹ 2,74,41,122, and the outcome will depend on the company's reply and subsequent proceedings.
Also from Prince Pipes and Fittings
GST Show Cause cum Demand Notice of ₹ 65,93,632 for FY 2022-23 from Karnataka authority
30 Sep 2026
More numbers
- Total demand₹ 2,74,41,122
- Total tax1,52,32,048
- Total interest95,96,190
- Total penalty26,12,884
- IGST total1,99,41,150
- IGST tax1,08,96,804
- IGST interest68,64,986
- IGST penalty21,79,360
- CGST total37,49,986
- CGST tax21,67,622
- CGST interest13,65,602
- CGST penalty2,16,762
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