Schneider Electric Infrastructure Limited Receives Show Cause Notice from the Office of the Joint Commissioner of State Tax, Patna Special Circle, Government of Bihar

Schneider Electric Infrastructure Limited has received a show cause notice i.e. May 27, 2024 in Form DRC-01 from the Office of the Joint Commissioner of State Tax, Patna Special Circle, Government of Bihar, relating to the financial year 2019-20 in which quantification of Tax, Interest & Penalty is determined. On account of alleged excess claim of input tax credit taken during financial year 2019-20. Tax is INR 81,302.

Interest is INR 60,060. Penalty is INR 20,000. Total is INR 1,61,362.