Birla Corporation Limited received an Order dated 26th March, 2024 passed by the Deputy Commissioner, Commercial Taxes Department, Rajasthan for recovery of tax including interest and penalty pertaining to the GST Audit conducted for the period 2018-2019. The demand pertains to GST Audit conducted by Commercial Taxes Department, Rajasthan, for the period 2018 - 2019. GST - INR 1,069,313/-, Interest - INR 1,026,540/- and Penalty - INR 106,931/-.

Details of the violation: Wrong availment of ITC as per section 16(2)C of Rajasthan Goods and Service Tax Act, 2017. Reversal of Wrong availment of ITC as per section 16(4) of RGST/CGST Act 2017. Reversal of Blocked ITC u/s 17(5) of RGST/CGST Act 2017.

Reversal of ITC as per Rule 42 of RGST/CGST Rules, 2017. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 2,202,784/-.