AGARWALEYE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dr. Agarwals Health Care Ltd has received a Show Cause Notice dated May 14, 2026 from the Office of the Assistant Commissioner, GST & Central Excise, Nungambakkam, Chennai. The notice alleges discrepancies in the company's GST returns and statements for the financial year 2022-23, including differences in output turnover, short payment of tax under RCM, excess/ineligible ITC claims, and non-compliance with e-invoicing requirements. The GST authorities are seeking Rs. 15.08 crores along with interest and penalty. The company has 30 days to respond to the notice and has stated it is examining the matter and does not anticipate any material impact on its financials or operations.
While the GST demand of Rs. 15.08 crores is significant, the company has stated it does not foresee any material impact on its financials. The notice is an allegation at this stage and the company has an opportunity to respond within 30 days.