Prism Johnson Wins GST Appeal, ₹22.7 Cr Demand Set Aside

Background of Dispute

The disclosure concerns an ongoing tax litigation originally disclosed on August 14, 2023, under Sr. No. 9 of Annexure 1. The dispute involved a Goods and Service Tax demand of ₹22.70 Crores (including a penalty of ₹11.35 Crores) raised by the Addl. Commissioner CGST & Central Excise, Jabalpur, against the Company and its employees.

Current Development

The Commissioner (Appeals) CGST, Excise & Service Tax, Bhopal, has vide order dated September 3, 2026, set aside the entire Goods and Service Tax demand of ₹22.70 Crores including all penalties imposed on the Company and its employees. The order disposes of the appeals filed by the Company in this regard.

Receipt of Order

The Company received the order from the Office of the Commissioner (Appeals) via email dated September 7, 2026.

Financial Implications

As per the annexure details:

• Quantum of claims: Nil
• The total Goods and Service Tax demand of ₹22.70 Crores (including the penalty) has been set aside
• There is no adverse financial or operational impact on the Company

Status Change

The Commissioner (Appeals) order represents a complete resolution of the matter, setting aside the entire demand including penalties levied against the Company and its employees, including the then Key Managerial Personnel.