United Heat Transfer Limited Receives Show Cause Notice from GST Department
United Heat Transfer Limited has received a Show Cause Notice (SCN) from the State Tax Officer of the Department of Goods and Services Tax, Government of Maharashtra. The notice pertains to the fiscal year 2025-26 and was received by the company on July 17, 2026, via email at approximately 9:50 a.m.The communication from the GST Authority involves a proposal to block Input Tax Credit (ITC) under Rule 86A of the CGST/MGST Rules, 2017. The notice specifically addresses ITC amounting to Rs. 2,75,412/- for the fiscal year 2025-26, which the authority has deemed inadmissible.
According to the details provided in the notice, the issuance is based on allegations that the company wrongly availed inadmissible Input Tax Credit totaling Rs. 2,75,412/- during the period from suppliers who are allegedly non-existent.
| Particulars | Details |
|---|---|
| Authority | State Tax Officer, Department of Goods and Services Tax, Government of Maharashtra |
| Nature of Action | Proposed blocking of Input Tax Credit (ITC) under Rule 86A |
| Amount Involved | Rs. 2,75,412/- |
| Period Covered | FY 2025-26 |
| Grounds for Notice | Wrongful availment of inadmissible ITC from alleged non-existent suppliers |
The company has stated that it is currently evaluating the matter and intends to file an appropriate response before the concerned authority. Management has indicated that there is no immediate impact on the finances, operations, or other activities of the company resulting from this notice.
UHTL Stock Price Movement
United Heat Transfer Limited shares on Friday slipped by 1.96% to settle at ₹99.95. The stock saw a total traded volume of 70,000 shares as it retreated from the previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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