UCAL Limited (formerly UCAL FUEL SYSTEMS LIMITED) has received a show cause notice from the Assistant Commissioner (ST), Ambattur Assessment Circle, Commercial Tax Department. The notice pertains to alleged discrepancies in the Goods and Services Tax (GST) returns filed by the company for FY2022-23 and FY2023-24. These discrepancies include short payment of tax on outward supplies, differences in turnover, short payment of tax under Reverse Charge Mechanism (RCM), Input Tax Credit (ITC) reversal, credit notes, and E-way bill reconciliation. The company received the show cause notice on 09.04.2026 and has been given an opportunity to be heard and file any objections. UCAL Limited believes the notice has no merit and intends to file a detailed reply with facts, figures, and justifications within the prescribed timelines, supported by requisite evidence. The company stated that there is no material impact on its financial, operational, or other activities due to the issuance of this show cause notice.
