Announced Thu, 2 Jul, 2026 · 18:47 IST
GST appeal dismissed; Rs 4.16 Cr demand upheld
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
Purohit Construction's appeal against a GST order was dismissed by the Commissioner (Appeals), Central GST, Ahmedabad. The original order confirming a GST demand of Rs 2.08 Crores plus equal penalty of Rs 2.08 Crores (total Rs 4.16 Crores) for FY 2017-18 over alleged wrongful input tax credit claims has been upheld. The company plans to appeal further before the GST Appellate Tribunal.
Likely market impact
Litigation loss of Rs 4.16 Cr upheld. Company plans further appeal. Management sees no material financial impact.