Show Cause Notice Received Under Section 73 Of CGST Act Over Rs. 1731.47 Lakhs Tax And Other Dues
Thirumalai Chemicals has received a show cause notice from the Office of Deputy Commissioner, Commercial Tax Department Ranipet, Tamil Nadu under Section 73 of the CGST Act, 2017.
- Total Dues Involved
- Rs. 1731.47 lakhs for 2023-24
- Tax Component
- Rs. 1123.30 lakhs
- Interest Component
- Rs. 495.24 lakhs
- Penalty Component
- Rs. 112.93 lakhs
- Notice Issued Under
- Section 73 of the CGST Act, 2017
What the company has disclosed
- It has received a show cause notice from the Office of the Deputy Commissioner, Commercial Tax Department Ranipet, Tamil Nadu.
- The notice is issued under Section 73 of the CGST Act, 2017 and was received on October 01, 2026.
- The notice is Form DRC-01 dated September 30, 2026.
- It relates to tax and other dues amounting to Rs. 1731.47 lakhs for the period 2023-24.
- The grounds stated are alleged output turnover discrepancies, input tax discrepancies and ITC reversals discrepancies noticed on scrutiny under Section 61 of the TNGST Act, 2017.
How the amount is split
- Tax: Rs. 1123.30 lakhs
- Interest: Rs. 495.24 lakhs
- Penalty: Rs. 112.93 lakhs
- Total: Rs. 1731.47 lakhs
What a show cause notice is
A show cause notice sets out what the tax authority alleges and gives the company a chance to explain its position. The amounts stated are those the authority has raised; the company has said it believes the demands are erroneous and not sustainable.
What the company says it will do
- It will submit its response to the show cause notice before the authority within the prescribed timelines.
- It firmly believes that the financial implication, if any, that may arise out of this is likely to be very insignificant and will not have any material impact on the financial position of the Company.
What a retail investor can take away
- The disclosure is about a notice, and the company has stated both its plan to respond and its own assessment of the likely impact.
- The total figure of Rs. 1731.47 lakhs covers tax, interest and penalty taken together, with tax alone at Rs. 1123.30 lakhs.
- How the matter progresses after the company's response would be the next point of information.
Also from Thirumalai Chemicals
Show Cause Notice Under Section 73 of CGST Act for AY 2022-23; Total Rs. 13.52 lakhs
30 Sep 2026
Corrigendum: Date of Target Company's Closing Price Corrected to September 29, 2026
30 Sep 2026
Committee approves sale of up to 9,50,000 shares of Ultramarine & Pigments in open market
30 Sep 2026
More numbers
- Tax and other dues stated in the show cause noticeRs. 1731.47 lakhs
- Tax component in the tableRs. 1123.30 lakhs
- Interest component in the tableRs. 495.24 lakhs
- Penalty component in the tableRs. 112.93 lakhs
- Total of tax, interest and penalty in the tableRs. 1731.47 lakhs
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