Show cause notice received under GST law for FY 2023-24; Rs.8.41 crore implication only if confirmed
GST show cause notice received under section 73 of the TNGST/CGST Act, 2017 from Assistant Commissioner (ST), Guindy Assessment Circle, for FY 2023-24.
- Notice Type
- Show cause notice under section 73 of the TNGST/CGST Act, 2017
- Issuing Authority
- Assistant Commissioner (ST), Guindy Assessment Circle
- Applicable Period
- FY 2023-24
- Potential Financial Implication
- Rs.8.41 crore impact only if confirmed
- Penalty Status
- No penalty imposed
A show cause notice is a formal communication from a tax authority asking a company to explain why a proposed tax demand should not be raised. It is the start of a process, not a final order.
What was received
- The company has received a show cause notice under section 73 of the TNGST/CGST Act, 2017
- Issued by the Assistant Commissioner (ST), Guindy Assessment Circle
- Date of receipt of communication: October 1, 2026
- Period applicable: Financial Year 2023-24
What the notice proposes
The notice proposes tax on account of the following items
- Non-GST supplies, where documentary proof is required
- ITC non-reversal, in proportion between GST and non-GST supplies, where documentary proof is required
- Excess and ineligible Input Tax Credit, where proof of related business and other documents is required
How much money is involved
The company states that it has all the supporting documents for all the above disallowances proposed by the authorities and hence there will not be any financial implication. It adds that the financial implication will be Rs.8.41 crores if confirmed by the authorities.
On penalty
The update states that no penalty, restriction or sanction has been imposed in the present notice.
What the company will do
The company says it will take appropriate action on the said notice.
What to note
The figure of Rs.8.41 crores is described as the implication only if the authorities confirm the proposal, while the company's stated position is that it holds supporting documents for the disallowances proposed. The notice relates to Financial Year 2023-24 and the update records it as an intimation to the exchanges.
More numbers
- Financial implication if confirmed by the authoritiesRs.8.41 crores
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