Company receives GST summons from DGGI over input tax credit inquiry
DBEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deepak Builders & Engineers India Limited has received a GST summons under Section 70 of the CGST Act, 2017 from the Directorate General of GST Intelligence (DGGI), Ludhiana Zonal Unit. The summons relates to an inquiry on alleged availment and utilisation of ineligible Input Tax Credit. A director has been asked to appear before the GST officer on 3 February 2026. This follows search proceedings by DGGI conducted on 4 December 2025. The company says the inquiry is at a preliminary stage and financial impact cannot be determined yet.
Negative near-term sentiment risk; potential GST liability if probe advances. Financial impact remains unclear until the inquiry progresses.