Innovative Tyres & Tubes Limited has received intimation of tax ascertainment communication from GST Deptt. Name of the Authority: Deputy Commissioner, Preventive Section, CGST & CE, Vadodara-II; nature and details of the action(s) taken, initiated or order(s) passed; Intimation of liability - Total Tax including Interests [Section 50] and penalty [Section 74(5)] under the CGST Act, 2017 in the year 2017-18 To 2019-20 as per Form GST DRC ­ 01A; date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority; April 17, 2024; Details of the violation(s)/contravention(s) committed or alleged to be committed: Matter of Availment of fake ITC during 2017-18 to 2019-20; Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Principal amount in default is INR 36,83,580/- alongwith interest and penalty; Clarification/Remarks: The Company was under CIRP till August 9, 2023 and new management took over the charge through NCLT Order which states that `all unpaid liabilities and claims that are not filed with the RP before the approval of the resolution plan and those which are not included in the said resolution plan would stand extinguished".