Announced Fri, 17 Jul · 18:48 IST

GST scrutiny notice received for FY 2022-23, no demand yet

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+2.0%1-day move
₹65.70
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AI summary

Harish Textile Engineers received a GST scrutiny notice (Form DRC-01A) from the Assistant Commissioner of State Tax, Vapi for FY 2022-23. It alleges short tax payment due to differences between E-Way Bills and GSTR-1 returns, plus excess Input Tax Credit claim of Rs 9.09 lakh. Proposed interest of Rs 6.21 lakh and penalty of Rs 10.92 lakh may apply. No demand or adverse order has been passed yet. The company is examining the notice and will submit a reply with supporting documents within the prescribed timeline.

Likely market impact

Minor for now. Scrutiny stage only with no demand raised. Potential liability around Rs 26 lakh if notice is upheld.