Enviro Infra Engineers Limited has informed the Exchange about Action(s) initiated or orders passed
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Awaiting price reaction for this filing.
Enviro Infra Engineers received two Show Cause Notices (SCNs) on July 11, 2025 from the State Tax Officer, Taxation Commissionerate, Government of Punjab, under Section 73 of the CGST Act. The notices allege short payment of GST for FY 2021-22 and FY 2022-23 due to discrepancies between the company's GSTR-3B returns and the GSTR-7 turnover reported by tax deductors. For FY 2021-22, the total demand is about ₹2.58 crore (tax ₹1.47 Cr + interest ₹96 lakh + penalty ₹15 lakh). For FY 2022-23, the total demand is about ₹2.09 crore (tax ₹1.33 Cr + interest ₹63 lakh + penalty ₹13 lakh), taking the combined exposure to roughly ₹4.67 crore. The company has stated that there is no material impact on its financial, operational, or other activities and that it will take appropriate action within the prescribed timeline.
The combined GST demand of around ₹4.67 crore is a notable potential liability for shareholders, though the company has termed it non-material and plans to contest. This could create short-term negative sentiment on the stock, but the outcome depends on the company's response to the notices.