Prince Pipes gets GST show cause notice for Rs 65.94 lakh from Karnataka
PRINCEPIPE · price
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Prince Pipes received a GST Show Cause cum Demand Notice from the Karnataka Commercial Tax Officer for FY 2022-23. The total demand is about Rs 65.94 lakh, split into Rs 38.34 lakh tax and Rs 27.59 lakh interest across IGST, CGST, and SGST. The notice alleges excess outward tax in E-way bills compared to GSTR3B and excess ineligible ITC claims. The company says the demand is not maintainable and will file its reply within the deadline.
Minor tax demand of about Rs 65.94 lakh from Karnataka GST authorities; company is contesting it and expects no material impact.