Birla Corporation Limited's Wholly Owned Subsidiary Receives Rs 15.02 Crore SCN Over Ineligible/Excess ITC Availment:

RCCPL Private Limited (RCCPL), a wholly owned material subsidiary of Birla Corporation Limited, has received a show cause notice (SCN), passed by the Additional Commissioner, Central Goods & Services Tax (CGST) and Central Excise, Jabalpur, on account of ineligible/excess availment of Input Tax Credit (ITC) of about Rs 15.02 crore (along with applicable interest and penalty) for the Assessment Year 2022-23.

The company had received the said notice on September 18, 2026, at around 11.34 p.m. (IST). According to the company's disclosure, the ineligible/excess ITC availed by the RCCPL violated Section 16(4) of the CGST Act, 2017, read with Section 20 of the IGST Act, 2017.

The received show cause notice pertains to the on-reflection of Bills of Entry in GSTR-2B during the respective tax periods in which the credit was availed, which was thereafter disclosed in GSTR-2B after the statutory time limit prescribed under Section 16(4) of the CGST Act, 2017.

The company has a strong believe that the issued notice is invalid as per the law, and accordingly, the company will take all appropriate steps to challenge the same before the relevant Adjudicating Authority within the prescribed timelines. As per the disclosure, the present action does not have any impact on the company's financial, operational, or other business activities.

The aforementioned disclosure has been made by Birla Corporation Limited vide an Intimation dated September 19, 2026, issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation has been addressed to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Refer to the official intimation for complete information.