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IRFC receives ₹396.91 crore GST show-cause notice; company to respond.
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CNBC Awaaz•30-09-2026, 17:33
IRFC receives ₹396.91 crore GST show-cause notice; company to respond.
- •Indian Railway Finance Corporation (IRFC) received a GST show-cause notice of ₹396.91 crore.
- •The notice was issued on September 29, 2026, by the Joint Commissioner of State Tax, Hajipur Circle, Hajipur.
- •It pertains to the period from April 2022 to March 2023, including applicable interest and penalty.
- •IRFC clarified that this is currently only at the show-cause notice stage, with no final order issued.
- •The company will file a detailed reply within the stipulated timeframe, based on advice from its tax advisors.
Key Questions Answered
Indian Railway Finance Corporation (IRFC) received a GST show-cause notice amounting to ₹396.91 crore, which includes applicable interest and penalty for the period from April 2022 to March 2023.
The notice was issued on September 29, 2026, by the Joint Commissioner of State Tax, Hajipur Circle, Hajipur, under Section 73 of the BGST/CGST Act, 2017.
IRFC is currently evaluating the notice and preparing a detailed reply to be filed before the Adjudicating Authority with the advice of its tax advisors while utilizing all available legal remedies.
