United Heat Transfer Limited Receives Show Cause Notice from Maharashtra GST Department
United Heat Transfer Limited has received a Show Cause Notice (SCN) from the State Tax Officer, Department of Goods and Services Tax, Government of Maharashtra. The notice, dated July 13, 2026, was received by the company via email on July 17, 2026, at approximately 9:50 a.m.The notice proposes the blocking of Input Tax Credit (ITC) under Rule 86A of the CGST/MGST Rules, 2017. This action pertains to ITC related to the financial year 2024-25, which the GST Authority has deemed inadmissible.
Details of Alleged Violations
The authority issued the notice on the grounds that the company allegedly availed inadmissible Input Tax Credit totaling Rs. 9,38,860 relating to FY 2024-25 from suppliers who are alleged to be non-existent.| Particulars | Description |
|---|---|
| Authority | State Tax Officer, Department of Goods and Services Tax, Government of Maharashtra |
| Nature of Action | Proposal for blocking of Input Tax Credit (ITC) under Rule 86A of the CGST/MGST Rules, 2017 |
| Period Covered | FY 2024-25 |
| Alleged Amount | Rs. 9,38,860 |
| Date of Receipt | July 17, 2026 |
Company Response and Impact
United Heat Transfer Limited stated that it is currently evaluating the matter and intends to file an appropriate response with the concerned authority. The company confirmed that there is no immediate impact on its finances, operations, or other business activities resulting from this notice.UHTL Stock Price Movement
United Heat Transfer Limited shares slipped by 1.96% on Friday to settle at ₹99.95. The stock saw a total traded volume of 70,000 shares as the price retreated from its 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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