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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Data sourced from BSE India corporate announcements. More categories will be added over time.
Harish Textile Engineers Ltd

Harish Textile Engineers Ltd Receives GST Scrutiny Notice for Rs. 1.93 Lakh ITC

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 17 Jul 2026, 06:51 PM IST  ·  BSE ID: b54d677a-8219-4660-86d2-aac85a4ffc79
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a tax notice questioning its past claims for input tax credits, potentially leading to interest and penalties.
🤖 AI Summary
  • Harish Textile Engineers received GST notice alleging Rs. 1,93,340 excess ITC for FY23.
  • Notice also proposes Rs. 1,31,959 interest and Rs. 29,001 penalty.
  • The company received the notice on July 16, 2026, from the Vapi State Tax office.
  • Company is examining the notice and will submit a detailed reply within the timeline.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Alleged excess ITC
Rs. 1,93,340/-
Proposed interest
Rs. 1,31,959/-
Proposed penalty
Rs. 29,001/-
Notice period
April 2022 to March 2023 (Financial Year 2022–23)
Notice receipt date
16th July, 2026
🏢 How This Affects the Company
💰
Financial Impact
If the allegations are upheld, the company will incur additional tax, interest, and penalty liabilities. The notice currently proposes a total of Rs. 2,22,341 (tax + penalty) plus interest.
⚠️
Risk Impact
This notice introduces regulatory risk, requiring management time and resources to address. It follows previous notices from GST and Income Tax departments, indicating ongoing scrutiny.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor future company filings for the resolution of this notice.
👤
Who Is Affected
All shareholders are affected by potential financial liabilities arising from the GST notice, which could impact earnings per share if demands are finalized.
🔍
Management Signal
Management is proactively engaging with tax authorities by examining the notice and preparing a detailed reply within the stipulated timeframe.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's detailed reply to GST authorities.
Any subsequent demand orders from GST Department.
Resolution of ongoing tax notices from other departments.
MEDIUM RISK Multiple tax notices, including this GST scrutiny, indicate potential for financial liabilities and ongoing regulatory compliance challenges.
💡 Investor Takeaway
Harish Textile Engineers received a GST notice for FY23 alleging Rs. 1,93,340 excess ITC, with proposed interest of Rs. 1,31,959 and penalty of Rs. 29,001. The company is preparing a reply.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Allegation of Rs. 1,93,340 excess Input Tax Credit availed for FY23.
  • Proposed interest of Rs. 1,31,959 and penalty of Rs. 29,001 under GST Act.
📅 Company Track Record
Harish Textile Engineers has previously received scrutiny notices from GST for Input Tax Credit claims and procedural Income Tax notices. The company is also involved in a mediation for a Rs. 3,10,814 claim.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the amount of excess Input Tax Credit (ITC) alleged by the GST department against Harish Textile Engineers?
The GST notice alleges an excess availment of Input Tax Credit (ITC) amounting to Rs. 1,93,340/- for the period April 2022 to March 2023.
What are the proposed interest and penalty amounts mentioned in the GST notice for Harish Textile Engineers?
The notice proposes interest of Rs. 1,31,959/- under Section 50 and a penalty of Rs. 29,001/- under Section 74 of the CGST Act.
When did Harish Textile Engineers receive this GST scrutiny notice?
Harish Textile Engineers received the notice in Form DRC-01A dated 16th July 2026 on 16th July 2026 via email.
What is the current financial impact of the GST notice on Harish Textile Engineers?
At present, no financial impact can be ascertained as the notice is for scrutiny seeking clarification, and no demand, penalty, or adverse order has been passed.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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