GST investigation at Pitti Engineering Maharashtra unit concluded; about 63.38 lakh liability identified
PITTIENG · price
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Maharashtra GST officials conducted an investigation at Pitti Engineering's manufacturing unit under Section 67 of the MGST Act 2017, which concluded on October 13, 2026. Discrepancies were identified spanning FY 2022-23 to FY 2026-27, covering RCM, wrongly availed TDS credit, and ITC reversal. The company has agreed to discharge a total tax liability of about 63.38 lakh rupees along with interest of 14.54 lakh rupees. The tax amount is eligible to be claimed back as Input Tax Credit. The company states there is no material impact on financials or operations.
Limited financial impact as the about 77.9 lakh rupee total is largely recoverable as ITC; company confirms no material hit to operations.