The GST Authorities has dropped proceedings under Section 73 and 74 of Central Goods and Service Tax Act, 2017 for the FY 2020-21 against Flair Writing, according to the Company’s exchange filing.
Flair Writing received a show cause notice under Section 73 of CGST Act, 2017 on October 07, 2024 which disallowed ITC was for the FY 2020-21 aggregating to ₹ 1,84,13,322/-.
The Company received the order after post submission of documents and reply, under Section 73 and 74 of the CGST Act, 2017.
The disclosure was made to the exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source #ET
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