Announced Wed, 22 Apr · 20:21 IST
Prudent gets GST notice from DGGI over Rs 3.72 cr ineligible input tax credit
Regulatory & Legal View source PDF
PRUDENT · price
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Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹2745.10
prior close
₹2725.70
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AI summary
Prudent Corporate Advisory Services received a GST notice from DGGI Ahmedabad alleging the company availed ineligible input tax credit of Rs 3.72 crore for FY 2021-22 to FY 2022-23. The notice, issued under Section 74 of the CGST/SGST/IGST Act, also seeks applicable interest and penalty. The company says it is reviewing the notice, will respond within prescribed timelines, and does not foresee any material impact on its financial or operational activities.
Likely market impact
Tax dispute over Rs 3.72 cr input tax credit. Company sees no material impact, but outcome of response remains uncertain.