Protean eGov Technologies Limited has informed the Exchange about update on Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Protean eGov Technologies has received an Order-in-Appeal from the Commissioner (Appeals-II) of CGST & Central Excise, Mumbai, concerning the period April 2020 to March 2021. The order involves an alleged excess availment of Input Tax Credit under Section 73 of the CGST Act, with a tax demand of ₹6.28 crore. Additional interest under Section 50 of the CGST Act and a penalty of ₹62.81 lakh under Section 73(9) have also been imposed. The company had previously filed an appeal on May 28, 2025, against an earlier order, and the appellate authority has now passed this ruling. The company is evaluating further legal options, including filing another appeal.
The total potential financial impact is around ₹6.91 crore in tax demand and penalty (plus interest). However, the company has stated it does not foresee any material impact on its financials, operations, or other activities, and plans to challenge the order further.