Prince Pipes And Fittings Limited has informed the Exchange about Action(s) taken or orders passed
PRINCEPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prince Pipes received a GST demand order dated March 30, 2026 from the Rajasthan State GST Department for ₹31,12,290 (approximately 31 lakh rupees). The demand includes a tax claim of ₹10,10,484, interest of ₹10,91,322, and penalty of ₹10,10,484. The department alleges the company claimed certain ineligible input tax credit under Section 17(5) of the CGST/RGST Act for FY 2019-20. The company received the order on March 31, 2026. Management states the demand is not maintainable and plans to submit its reply within the prescribed time limit. The company does not anticipate any material impact on its financials or operations.
The demand amount of about ₹31 lakhs is relatively small and the company is contesting it, so immediate shareholder impact appears limited. However, any adverse outcome in the reply or appeal could result in a tax outflow plus interest and penalty.