GR Infraprojects Receives GST Show Cause Notice for ₹321.60 Crore Demand
G R Infraprojects Limited received a GST Show Cause Notice from the Joint Commissioner of State Tax, Madhya Pradesh, proposing a demand of ₹321.60 crore for the tax period April 2020 to March 2021. The notice relates to alleged GST discrepancies including input tax credit issues. The company believes it has strong grounds to defend its position and does not anticipate a material financial impact.
While the company believes it can defend its position and does not anticipate a material impact, a demand of ₹321.60 crore is substantial and could affect financial performance if not resolved favorably.
The company has received a significant demand notice from the GST department, which, if materialized, could have a substantial financial impact.
G R Infraprojects Limited has received a Show Cause Notice (DRC-01) from the Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh. The notice, issued under Section 74 of the CGST Act, 2017 and MP GST Act, 2017, pertains to the tax period April 2020 to March 2021.
The dispute involves alleged GST-related discrepancies such as excess/ineligible availment of input tax credit, mismatch in e-way bill and GSTR-3B data, and other related GST matters. The proposed aggregate demand amounts to ₹321.60 crore, which includes tax, interest, and penalty.
The company stated that it is in the process of preparing its response and believes it has strong legal and factual grounds to defend its position. G R Infraprojects Limited does not presently anticipate any material financial impact or liability arising from this proposed demand. The company will take all necessary steps to present and defend its case before the relevant authorities.
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G R Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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