Flair Writing Industries receives tax notices for excess ITC claims, stock advances
Flair Writing Industries Limited (FWIL) disclosed today that it has received two show cause notices from the Office of the Assistant Commissioner of State Tax, Valsad, regarding excess input tax credit (ITC) claims for the fiscal year 2020-21. The notices, issued under Section 73 of the CGST Act, allege tax discrepancies totaling approximately ₹1.86 crore.