Veer Global Infraconstruction Ltd — Important, 01-10-2025: Company Update

Veer Global Infraconstruction has received a Show Cause cum Demand Notice from the GST Authority. This notice proposes a tax demand of ₹ 22.13 Cr, along with applicable interest and penalties. The demand pertains to various alleged GST non-compliances and discrepancies, including short-payment and incorrect input tax credit claims, spanning from FY 2019-20 to FY 2024–25. The company plans to submit a detailed response, asserting strong legal grounds to challenge the notice. For investors, this represents a significant potential financial liability if the company's arguments are not upheld.