PVP Ventures Limited has informed the Exchange about receipt of High Court order for setting aside of GST demand Notice
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The Madras High Court has set aside two GST demand notices issued to PVP Ventures Limited, dated 22 July 2024 and 17 January 2025, which had raised GST liability on a joint development agreement with a leading developer. The company had argued that no GST is leviable on the landowner in a joint development arrangement, and the court ruled in favor of the company on 21 July 2025. The order quashes the original demand notices raised by the GST Department. This removes a potentially significant tax liability overhang on the company.
Positive for shareholders — the court ruling eliminates a pending GST demand and removes a tax liability uncertainty related to the company's joint development project. The decision also sets a favorable precedent that landowners in joint development deals may not be liable for GST.