National Fertilizers receives INR 116 crore GST demand notice
National Fertilizers Limited (NFL) disclosed receiving a show cause notice from the Office of the Commissioner of Central Tax, Guntur, pertaining to alleged undue refund of accumulated Input Tax Credit (ITC). The notice, dated June 26, 2025, covers the period from April 2022 to March 2023 and results in a total demand of INR 116.01 Crores. The demand relates to alleged recovery of erroneous refunds sanctioned to NFL's Vijayawada unit, regarding inverted tax structure claims. While NFL acknowledged the notice, it asserts that there is no material impact on financial and operational activities. The company is currently reviewing the notice and plans to exercise its right to file an appeal before the Commissioner Appeals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when National Fertilizers publishes news
Free account required • Unsubscribe anytime