Income Tax 22 September 2026
Birla Subsidiary Hit with Rs 15.02 Crore ITC Show‑Cause Notice
Birla Corporation’s wholly‑owned subsidiary received a show‑cause notice for Rs 15.02 crore, alleging excess input tax credit claims. The notice points to improper on‑reflection of Bills of Entry in GSTR‑2B for the relevant tax periods, a violation that could trigger penalties and interest.
Birla Corp Ltd’s wholly‑owned subsidiary has been served a show‑cause notice for Rs 15.02 crore over alleged excess input tax credit. The tax authority says the Bills of Entry were not correctly reflected in GSTR‑2B for the periods in question.
- Issue: Rs 15.02 crore excess input tax credit
- Reason: Improper on‑reflection of Bills of Entry in GSTR‑2B
- Potential outcome: Penalties, interest, and possible reversal of credit
For full details, see the original report.
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