GST Show Cause Notice for FY 2022-23 with tax demand of Rs. 3.34 crore plus interest and penalty

The company received a GST Show Cause Notice (Form GST DRC-01A) dated 28th September 2026 from State Tax authorities, Jaipur, for FY 2022-23.

Tue 29 Sep 2026

Tax Demand

Rs. 33,414,995.21

Interest

Rs. 24,124,710.00

Penalty

Rs. 3,341,498.00

Alleged Issue

utilisation of excess ITC (input tax credit)

Financial Year

FY 2022-23

What was shared

The company informed the exchanges that it received a Show Cause Notice in Form GST DRC-01A, dated 28th September 2026 and received the same day, issued by the Office of Deputy Commissioner, State Tax, Circle-Vaishali Nagar, Jaipur-IV.

The notice is issued under sections 73, 50, 16, 122, 59 and 160 of the RGST Act 2017 read with the CGST Act 2017 and section 20 of the IGST Act 2017.

What is alleged

• Period involved: FY 2022-23
• Alleged contravention: utilisation of excess ITC (input tax credit)

Amounts involved

• Tax demand raised: Rs. 33,414,995.21
• Interest: Rs. 24,124,710.00
• Penalty raised: Rs. 3,341,498.00

Company's position

The company states it does not foresee any material impact on its financial, operational or other activities. It will file detailed objections/reply against the show cause notice before the State Tax Officer and says it has a strong case on merits.

How to read this

A show cause notice is a pre-demand communication asking the taxpayer to explain; it is not a final order. The outcome depends on the reply and the authority's adjudication. Investors can track whether the matter is dropped, reduced, or converted into a confirmed demand in later updates.

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