Ujaas Energy has received show cause notice from Audit Department of Central Goods and services tax and Central Excise Department in respect to FY 2014-15, 2015-16 & 2016-17.
According to the Show cause notice, the Company has short paid Service tax by Rs 40.63 crore for the above stated financial years. According to them the Company should have paid Service tax on 40% of the total sales as per Balance Sheet instead of segregating Goods and Services separately.
Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system. The company's segments include Transformer, Solar Power Plant Operation, and Manufacturing & Sale of Solar Power Systems.
