V-Guard Industries Limited received a final GST audit report (Form ADT-02) from CGST authorities on April 6, 2026, identifying a short payment of INR 17,75,91,197 for the period FY 2020-21 to 2023-24. The audit findings relate to issues with Input Tax Credit availment and GSTR-9 reconciliation discrepancies. While penalties are indicated under section 74, the exact amount remains unquantified. The company plans to evaluate and challenge the findings, emphasizing this is not a demand order and they have strong grounds to contest the observations.
Guard Industries Receives Final GST Audit Report with INR 17.76 Crore Short Payment Notice
