Morepen Laboratories has received a show-cause notice from the Central GST & Central Excise Commissioner, Shimla. In the notice, the tax authorities alleged that the company had violated GST rules and erroneously claimed an excess GST refund amounting to Rs 1,17,94,03,452.
In an exchange filing, the company said that it has claimed the refund as per the provisions of the GST Act and the said show cause notice has no merit. The tax authorities haven’t imposed any penalty on the company yet.
Morepen Laboratories’ response
Morepen Laboratories said that it shall submit the necessary information, documents and explanation to the GST authority in support of its claim, within the prescribed period.
“The company is also reviewing and pursuing necessary legal advice for the resolution of this matter, to protect its interest.”, the company stated.
