Patanjali receives GST Show Cause Notice of over Rs 27 Cr from GST Authorities:

Patanjali receives GST Show Cause Notice of over Rs 27 Cr from GST Authorities On Friday, Patanjali Foods announced that it had received a show-cause notice over a tax charge of Rs 27.5 crore from the Directorate General of GST Intelligence in Chandigarh. The company has been contacted by the GST administration regarding input tax, and it may face penalties under the CGST Act. “A Show Cause Notice is received by the Company from the Directorate General of GST Intelligence, Chandigarh Zonal Unit, requiring the Company, its Officers and authorised signatories to show cause as to why input tax credit amounting to Rs 27,46,14,343 should not be recovered (along with interest), and why penalty should not be imposed under Section 74 and other applicable provisions of the CGST Act 2017/Uttarakhand SGST Act, 2017 read with section 20 of IGST Act 2017,” Patanjali reported in an exchange filing. Now, The FMCG company will be giving reply to the Show Cause Notice of Directorate General of GST Intelligence. “As of now the authority has only issued a show cause notice and the Company will be taking all necessary action to defend its case before the authority, hence, expected financial implications cannot be determined till the completion of the proceedings,” the filing said.