Speciality Restaurants Limited Faces Tax Demand Over RCM and Input Tax Credit Irregularities
Speciality Restaurants Limited has received a Show Cause-cum-Demand Notice concerning tax obligations, related to the short payment of tax under Reverse Charge Mechanism (RCM) and irregular availment of Input Tax Credit (ITC). The notice was issued by the Office of the Commissioner of Central Tax, Kolkata Audit-I CGST & CX Commissionerate, and received by the company on August 11, 2026.The demand pertains to the assessment period spanning from the financial year 2021-22 to 2023-24.Details of Tax Demand
The total tax amount demanded under the notice aggregates to ₹ 1,80,43,529/- (Rupees one crore eighty lakh forty three thousand five hundred...