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Deepak Builders Receives GST Summons Regarding Ineligible Input Tax Credit Inquiry
Deepak Builders & Engineers India Limited (DBEIL) has received a summons from the Directorate General of GST Intelligence (DGGI) dated January 30, 2026. The summons is part of an ongoing inquiry into the alleged availment and utilization of ineligible Input Tax Credit (ITC) under the CGST Act, 2017. This follows previous search proceedings conducted at the company's premises in December 2025. The company's Director has been asked to appear before the GST officer on February 3, 2026, to provide evidence and documents.
Key Highlights
Summons issued under Section 70 of the Central Goods and Service Tax Act, 2017.
Investigation pertains to the availment and utilization of ineligible Input Tax Credit (ITC).
Follows a prior search operation conducted by the DGGI on December 4, 2025.
Director Sh. Deepak Singhal summoned to appear before the GST Officer on February 3, 2026.
Financial impact is currently unquantifiable as the inquiry is at a preliminary stage.
💼 Action for Investors
Investors should exercise caution as tax investigations can lead to significant liabilities or penalties. Monitor future disclosures for any quantified tax demands or impact on the company's cash flows.