Vikran Engineering Receives GST Show Cause Notice for ₹4.5 Crore Demand
Vikran Engineering Limited received a GST Show Cause Notice with a demand of ₹4.51 crore, plus ₹2.84 crore interest and ₹45.08 lakh penalty for FY 2022-23. The company believes there will be no material impact and plans to contest the notice.
While the company states there will be no material impact, the demand and penalty amount are substantial, warranting a medium impact assessment.
The company has received a show cause notice with a significant tax demand, interest, and penalty, which is a negative development.
Vikran Engineering Limited has been issued a Show Cause Notice (SCN) in Form GST DRC-01A by the Office of Deputy Commissioner, State Tax, Circle-Vaishali Nagar, Jaipur-IV.
The notice, dated and received on September 29, 2026, pertains to alleged violations under various sections of the RGST Act 2017, CGST Act 2017, and IGST Act 2017 for the Financial Year 2022-23.
The SCN includes a tax demand of ₹4,50,79,720, interest of ₹2,83,89,108, and a penalty of ₹45,07,972, totaling approximately ₹7.80 crore. The alleged violation is related to a GST TDS turnover mismatch.
Despite the significant demand, Vikran Engineering Limited stated that it does not foresee any material impact on its financial, operational, or other activities. The company intends to file detailed objections and a reply to the show cause notice, expressing confidence in its case on merits.
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.
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See the model portfoliosA plain-language summary of a public exchange filing by Vikran Engineering Limited. Read the original for the full detail.