Flair Writing Industries Limited: CGST Proceedings Dropped for FY 2018-19
Flair Writing Industries Limited has received an order for the dropping of proceedings initiated under Section 74 of the CGST Act, 2017, for the Financial Year 2018-19. The company was initially serv...
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Why is Flair Writing Industries Limited in the news today?
Flair Writing Industries Limited (FLAIR) is in the news due to the company received a favorable outcome with the dropping of cgst proceedings, which is a positive development.
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Flair Writing Industries Limited: CGST Proceedings Dropped for FY 2018-19
December 31, 2025, 02:14 PM
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Flair Writing Industries Limited has received an order for the dropping of proceedings initiated under Section 74 of the CGST Act, 2017, for the Financial Year 2018-19.
The company was initially served a show cause notice on June 30, 2025, alleging a disallowance of Input Tax Credit (ITC) amounting to ₹27,54,100. This amount comprised ₹13,77,050 as tax payable and a penalty of ₹13,77,050.
Following the submission of necessary documents and a detailed reply by the company, the Office of the Superintendent, Range-II, Division-X, CGST & C.Ex., Mumbai East Commissionerate, issued an order dropping these proceedings. The order was received by the company on December 31, 2025.
The company has stated that this intimation of dropping of proceedings will have no material impact on its financials, operations, or other activities.
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