Tamil Nadu Tax Authority Issues Rs 231-Crore GST Demand Notice to IRFC

The Tamil Nadu tax authority has issued a Rs 231 crore GST demand notice to Indian Railways Finance Corporation (IRFC) for non-compliance with GST payments on certain transactions. The demand relates to discrepancies in IRFC's tax filings and the failure to pay the appropriate GST on its financial transactions. The notice highlights the increasing scrutiny on PSU organizations under GST and serves as a reminder for state-owned enterprises to adhere to tax compliance norms. IRFC is expected to contest the demand, and the case could have broader implications for PSU compliance under the GST framework.