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What is Audit Discrepancies Notice for Paxal Fuel about?

The Office of the DGSTO-3 in Bengaluru issued a notice to PAXAL FUEL CORPORATION regarding discrepancies found during an audit for the financial year 2021-2022. The discrepancies include issues such as invoice mismatching, ineligible ITC, and short payments, resulting in a total tax amount due of 6,887,108. The company is required to respond with explanations or make payments by April 5, 2025, or further proceedings will be initiated.

Author

karishmaanchalia1

Language

EN