Praveg GST Dispute Closed with Nil Order

Key Quantitative Figures & Previous Disclosure

The dispute originated from a Show Cause Notice issued on July 31, 2025, which was previously disclosed on August 22, 2025. The notice alleged a wrongful availment of Input Tax Credit (ITC) and had a potential financial implication of up to ₹2,46,55,446 (Rs. 2.47 crore).

Current Status & Outcome

The matter has now been concluded. The Office of the Assistant Commissioner, Division-III, Daman, Vadodara Commissionerate, CBIC, State/UT: Dadra and Nagar Haveli and Daman and Diu, passed a final order on June 03, 2026, under Sections 74 and 122 of the Central Goods and Services Tax Act, 2017.

The order imposes no tax demand, interest, penalty, or any other liability on the Company. The financial implication from this matter is now Nil, and the proceedings stand fully disposed of.