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IRFC Receives Rs 397 Crore GST Show-Cause Notice for FY23
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News18•30-09-2026, 17:45
IRFC Receives Rs 397 Crore GST Show-Cause Notice for FY23
- •Indian Railway Finance Corporation (IRFC) has received a show-cause notice from GST authorities for over Rs 396.90 crore.
- •The notice pertains to the fiscal year 2022-23 and includes applicable interest and penalty.
- •IRFC is currently evaluating the notice received from Bihar state GST authorities on September 29.
- •The company plans to file a detailed reply with the adjudicating authority based on advice from its tax advisors.
- •Financial implications cannot be quantified at this stage as the case is still at the show-cause notice stage.
Key Questions Answered
Indian Railway Finance Corporation received a show-cause notice of over Rs 396.90 crore from GST authorities for the 2022-23 fiscal, which includes applicable interest and penalties.
The show-cause notice was issued by the Bihar state GST authorities and is currently being evaluated by the company.
IRFC stated that the case is currently at the show-cause notice stage, and the company is in the process of filing a detailed reply with the adjudicating authority based on advice from its tax advisors.
