Vikran Engineering Receives GST Show Cause Notice for ₹1.71 Crore ITC
Vikran Engineering Limited received a GST Show Cause Notice for ₹1.71 Crore concerning excess ITC availed in FY 2022-2023. A penalty of ₹17.12 Lakhs is also proposed. The company expects no material impact and will respond within the stipulated time.
While the company states no material impact is foreseen, the tax demand and potential penalty of over ₹1.88 Crore collectively represent a significant financial exposure that could impact operations if not resolved favorably.
The company has received a Show Cause Notice with a significant tax demand and proposed penalty, which is a negative development.
Vikran Engineering Limited announced on September 18, 2026, that it has received a Show Cause Notice (SCN) in Form GST DRC-01, dated September 11, 2026, from the Office of the Assistant Commissioner, C.G.S.T. & Central Excise Division – III, Indore. The notice was received via email on September 17, 2026, under Section 73 of the CGST Act, 2017. The SCN pertains to excess Input Tax Credit (ITC) availed by the company for the Financial Year 2022-2023. The tax demand raised amounts to ₹1,71,20,276, with a penalty of ₹17,12,027.599 also proposed. The alleged violations include excess ITC availed and excess availment of ITC on account of inward supplies liable to reverse charge.
The company stated that it does not foresee any material impact on its financial, operational, or other activities as a result of this notice. Vikran Engineering Limited plans to respond to the notice within the specified time period.
What to do with a filing like this
Vikran Engineering 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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Vikran Engineering Limited. Read the original for the full detail.