Nucleus Software Receives GST Show Cause Notice for ₹17.49 Crore Demand
Nucleus Software Exports Limited received a GST show cause notice demanding ₹17.49 crore for FY23. The demand includes ₹6.92 crore interest and ₹0.96 crore penalty. The company believes it has strong grounds to defend itself and anticipates no impact on its operations.
While the company states there is no impact, a tax demand of ₹17.49 crore, including interest and penalty, could potentially affect financial performance if not successfully contested.
The company has received a show cause notice for a significant tax demand, which is a negative development.
Nucleus Software Exports Limited has received a show cause notice (DRC 01) from the Deputy Commissioner, Goods and Services Tax Department, Gautambuddha Nagar, Uttar Pradesh. The notice, dated September 29, 2026, pertains to the Financial Year 2022-23 and raises a demand of ₹17.49 crore.
This demand includes ₹6.92 crore in interest and ₹0.96 crore in penalty. The show cause notice has been issued under Section 73(1) of the Uttar Pradesh Goods and Services Tax Act, 2017. The GST officer has raised this demand on account of credit notes issued during the year, input tax credit claimed under the reverse charge mechanism, along with other input tax credit matters.
The company has stated that there is no impact on its financial, operational, or other activities. Nucleus Software Exports Limited believes it has strong legal and factual grounds to defend itself and will take all necessary actions before the relevant authorities.
What to do with a filing like this
Nucleus Software Exports Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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See the model portfoliosA plain-language summary of a public exchange filing by Nucleus Software Exports Limited. Read the original for the full detail.