Resolving ₹4.2 Crore GST Input Tax Credit Mismatch for a Manufacturing Conglomerate
Key Performance Indicators & Verified Results
The Client Challenge & Regulatory Threat
The client faced substantial GST departmental show-cause notices for FY 2021-22 and 2022-23 alleging improper ITC claims exceeding ₹4.2 Crores due to supplier GSTR-1 non-filings and reciprocal GSTR-2B variations.
Vanguard's Advisory & Legal Strategy
Our indirect tax team conducted an exhaustive automated invoice-matching protocol across 1,400+ vendor accounts, segregated genuine timing differences from non-compliant suppliers, filed rectification submissions, and represented the company in personal hearings.
Outcome & Tangible Impact
Successfully got 94% of the contested Input Tax Credit validated by the adjudicating authority with complete waiver of penalty under Section 73, saving the client ₹3.95 Crores in cash outflow.
Methodological Summary & Takeaway
About Client Privacy
In strict conformity with the Code of Ethics of the Institute of Chartered Accountants of India (ICAI), all client names and proprietary figures are anonymized while preserving factual procedural integrity.
Facing Similar Regulatory Inquiries?
Our indirect tax litigation and corporate advisory desk can review your case under non-disclosure.