Current Summary
IRCON International Limited, a state-owned infrastructure company, has approached the Uttarakhand High Court at Nainital challenging a GST notice alleging inadmissible Input Tax Credit of Rs 72.41 crore. According to a regulatory filing made by the company on October 26, the notice was issued by the Joint Commissioner of the CGST Audit Commissionerate, Dehradun, seeking an explanation over the alleged wrongful availment and utilisation of ITC amounting to Rs 72,41,05,710, related to invoices for works contract services supplied by subcontractors. At the initial hearing on October 26, the High Court directed the GST department to file its counter-affidavit within four weeks and asked IRCON to submit its reply to the show cause notice within two weeks. The court also directed the tax authority not to pass any final order in the matter until the next hearing date. The matter remains pending before the court.
What We Know
- IRCON has challenged a Rs 72.41 crore GST notice issued by the CGST Audit Commissionerate, Dehradun.
- The notice alleges wrongful availment of Input Tax Credit tied to works contract invoices from subcontractors.
- The Uttarakhand High Court heard the matter on October 26 and ordered the GST department to file a counter-affidavit within four weeks.
- The court has barred the tax authority from passing a final order until the next hearing.
What Is Still Unclear
- The next hearing date has not been disclosed.
- The specific works contracts and subcontractors involved have not been detailed.
What Changed
- 26 Oct, 10:40 pmSignal detected: IRCON Challenges Rs 72.41 Crore GST Notice in Uttarakhand High Court