ZF Commercial Vehicle Control Systems India faces ₹27.99 Cr GST demand
ZF Commercial Vehicle Control Systems India Ltd received a GST show cause notice proposing an INR 27,99,29,495 tax demand for April 2020 to March 2024. The GST audit alleged excess and ineligible Input Tax Credit claims, including credits on imports exceeding GSTR-2B and ineligible import ITC due to time limits. A notice under Section 74 of the CGST Act was issued by Chennai’s Audit-I GST authority.