Raghuvir Synthetics gets GST Show Cause Notice worth about Rs 2.24 crore
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Raghuvir Synthetics received a GST Show Cause Notice dated 18 August 2026 from the Directorate General of GST Intelligence, Ahmedabad, for FY 2020-21 to FY 2024-25, along with FORM GST DRC-01 on 19 August 2026. The notice alleges irregularities in availment and utilisation of Input Tax Credit, with an aggregate tax, interest and penalty demand of about Rs. 2.24 crore. The company believes the ITC was appropriately availed, plans to file an appropriate response, and states there is no material impact on operations. Disclosure was filed one day late due to procedural review.
Potential tax demand of about Rs 2.24 crore; company contests the claim and reports no material impact on operations.