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Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products
RACE Eco Chain (RACE) has received a Show Cause Notice from the CGST Department, Noida. The notice demands why the company shouldn't pay back ₹16.75 Cr in Input Tax Credit (ITC) for FY2020-21 to June 2026. The department alleges RACE availed this ITC from suppliers whose registrations were cancelled. **Impact:**...