Announced Fri, 17 Jul · 18:51 IST
GST scrutiny notice received for FY 2022-23 over ITC claim
Regulatory & Legal View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹65.70
prior close
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AI summary
Harish Textile Engineers received a GST scrutiny notice from the Assistant Commissioner of State Tax, Vapi for FY 2022-23. The notice alleges excess Input Tax Credit claim of about Rs 1.93 lakh, with proposed interest of Rs 1.32 lakh and penalty of about Rs 29,001. The company says this is only a clarification-seeking notice, no demand or order passed yet. It is preparing a detailed reply with supporting documents within the prescribed timeline.
Likely market impact
Small-ticket matter for now. No demand or order yet, only an initial scrutiny notice. Watch for the company's response and any future order.