PRAVEGBSEPraveg LtdHighNegative
Announced Tue, 7 Apr · 17:56 IST

GST Show Cause Notice for wrongful ITC claim of ~₹19.1 lakh

Regulatory & Legal View source PDF

PRAVEG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Praveg Ltd received a Show Cause Notice from GST authorities (dated March 26, 2026, received April 7, 2026) alleging wrongful availment and utilization of inadmissible input tax credit of ₹19,10,758 plus interest and penalty for FY 2020-21. The notice cites ITC claimed on invoices from suppliers whose GST registrations were cancelled, and alleges non-reversal of ineligible ITC and non-payment of interest. The company states it has complied with GST laws, is reviewing the notice, and will file a suitable response. It does not foresee any immediate material impact on financials or operations.

Likely market impact

Minor tax dispute (~₹19.1 lakh plus interest/penalty); company contests allegations and expects no material impact. Monitor outcome.