Vikran Engineering Receives GST Show Cause Notice for ₹5.75 Crore Demand
Vikran Engineering Limited received a GST Show Cause Notice demanding ₹3.34 crore in tax, ₹2.41 crore in interest, and ₹33.41 lakh in penalty for FY 2022-23. The company believes it has a strong case and anticipates no material financial or operational impact.
While the company states there will be no material impact, the significant tax demand, interest, and penalty could potentially affect financial performance if not resolved favorably. The nature of the notice indicates a medium-level impact.
The company has received a significant tax demand, interest, and penalty through a Show Cause Notice, which is a negative development.
Vikran Engineering Limited has disclosed the receipt of a Show Cause Notice (SCN) in Form GST DRC-01A from the Office of Deputy Commissioner, State Tax, Jaipur.
The notice, dated 28th September 2026, was received by the company on the same day. It has been issued under various sections of the RGST Act 2017, CGST Act 2017, and IGST Act 2017, pertaining to the financial year 2022-23.
The SCN includes a tax demand of ₹3,34,14,995.21, an interest charge of ₹2,41,24,710.00, and a penalty of ₹33,41,498.00, totaling approximately ₹6.09 crore. The alleged violation is related to the utilization of excess Input Tax Credit (ITC).
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 intends to file detailed objections and a reply against the show cause notice, expressing confidence in the merits of its case.
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.