NU Vista receives ₹15.41 crore Show Cause Notice for input tax credit irregularities

Cement firm NU Vista received a ₹15.41 crore notice alleging input tax credit irregularities. The notice covers four fiscal years from 2020-21 to 2023-24. It proposes denying input tax credit for civil construction and canteen expenses. The company also faces proposed denial of output tax credit reduction from sales returns. NU Vista claims sufficient evidence and expects no major financial impact.

Raccontata daeconomictimes.indiatimes.com