GR INFRAPROJECTS RECEIVES SHOW CAUSE NOTICE FROM GST DEPT. FOR RS 321.60 CR

• Received show cause notice (DRC-01) from the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh, under Section 74 of the CGST Act, 2017 & MPGST Act, 2017. • The notice relates to GST-related discrepancies for the period April 2020 to March 2021, including alleged excess/ineligible input tax credit. • Proposes an aggregate demand of ₹321.60 crore, comprising tax, interest, and penalty. • The company is preparing its response and believes it has strong legal and factual grounds to defend its position. • Does not presently anticipate any material financial impact or liability.

G R Infraprojects Limited

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