GST Show Cause Notice of Rs.87.62 Lakhs Received from Maharashtra State Tax Office
Ucal has received a GST show cause notice from the Deputy Commissioner of State Tax, Maharashtra.
By ScoutQuest · · 1 min read
- Penalty Demanded
- Rs.87.62 Lakhs (including interest)
- Financial Year
- FY 2022-23
- Issue
- Alleged excess claim of ITC and reversal of excess ITC due to credit note
- Authority
- Deputy Commissioner of State Tax, Maharashtra
What happened
Ucal Limited has informed the exchanges that it received a show cause notice from the Office of the Deputy Commissioner of State Tax, Department of Goods and Services Tax, Government of Maharashtra.
The issue
- Arises from the GST Audit for FY 2022-23.
- Alleged excess claim of Input Tax Credit (ITC) and reversal of excess ITC due to credit note.
- Amount demanded: Penalty of Rs.87.62 Lakhs (including interest).
What a show cause notice means
It is a notice asking the company to explain its position before any final demand is confirmed. The authorities have given the company an opportunity of being heard and to file objections.
Company's stand
- States there is no immediate impact on financials, operations or otherwise at this stage.
- Believes the notice has no merits.
- Will file a detailed reply with facts, figures, justifications and supporting evidence within the prescribed timelines.
- No aberrations or non-compliances were identified by the authority as per the disclosure.
How to read it
This is a tax dispute at the notice stage, and the outcome will depend on the authority's view after the company's reply.
Also from Ucal
Board meeting on 30 October 2026 to consider and approve September quarter results
21 Oct 2026
More numbers
- Penalty demanded in show cause notice (including interest)Rs.87.62 Lakhs
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