LG Electronics India gets ₹116.7 crore GST show cause notice - A2Z Taxcorp LLP

LG Electronics India has received a show-cause notice from the GST authorities demanding ₹116.72 crore, including penalty, for alleged excess input tax credit claims for FY22, the company said in a regulatory filing on Wednesday. The notice was issued by the Joint Commissioner of GST, Corporate Circle-2, Greater Noida, under Section 74 of the Central Goods and Services Tax Act, 2017, and related p…