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:
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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.
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Authorities have proposed a penalty of Rs 23.13 crore, citing alleged shortfalls in tax compliance across various jurisdictions.
Company Response:
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VPRPL has denied the allegations and plans to present its defense before the Additional/Joint Commissioner of Jaipur GST Commissionerate.
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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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