LatestIncome Tax 26 September 2026
Vikran Engineering Hit with ₹83.62 crore Tax Notice for FY23
Vikran Engineering has been served a show‑cause notice dated 24 September 2026, demanding explanation for alleged excess input tax credit claims in its GSTR‑3B filing for the fiscal year 2023. The notice cites a potential liability of ₹83.62 crore and requires the company to justify the discrepancies before tax authorities, warning of possible penalties for non‑compliance.
Vikran Engineering received a show‑cause notice on 24 Sep 2026 regarding its FY23 tax filings. The notice alleges that the company claimed excess input tax credit (ITC) in its GSTR‑3B return, leading to a projected liability of ₹83.62 crore.
- Date of notice: 24 Sep 2026
- Issue: Excess ITC claims in FY23 GSTR‑3B
- Potential liability: ₹83.62 crore
- Required action: Company must respond with explanations to avoid penalties
For full details, see the original article.
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