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Vishnu Prakash R Punglia Faces Rs 23.13 Crore Tax Demand After GST Show Cause Notice

Updated: July 09, 2025 17:49

Image Source: News on Projects
Vishnu Prakash R Punglia Ltd has received a Show Cause Notice from the Directorate General of GST Intelligence (DGGI), Delhi Zonal Unit, alleging tax discrepancies under multiple GST statutes.
 
Key Highlights:
  • The notice, dated March 28, 2025, cites provisions under Section 74 and 122 of the CGST Act, along with corresponding sections of the RGST, Chhattisgarh GST, and IGST Acts.
  • Authorities have proposed a penalty of Rs 23.13 crore, citing alleged shortfalls in tax compliance across various jurisdictions.
Company Response:
  • VPRPL has denied the allegations and plans to present its defense before the Additional/Joint Commissioner of Jaipur GST Commissionerate.
  • Based on legal advice and internal assessment, the company does not anticipate any material financial impact and expects a favorable outcome.
Outlook:
The matter remains under adjudication, with VPRPL maintaining full cooperation with regulatory authorities.
 
Sources: BSE India, Rediff MoneyWiz, Reuters.

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