Valiant Laboratories Limited has informed the Exchange about Action(s) taken or orders passed by the GST Authority
VALIANTLAB · price
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Valiant Laboratories Limited has received a GST order dated May 29, 2026 from the Joint Commissioner, CGST & C. Ex., Navi Mumbai Commissionerate. The order confirms a GST demand of Rs. 18 Lakhs related to Corporate Guarantee transactions during April 2023 to March 2024, along with a penalty of Rs. 18 Lakhs and applicable interest. Importantly, two other alleged violations from the original Show Cause Notice (January 2026) were dropped: ineligible Input Tax Credit on IPO expenses worth Rs. 2.85 Crore and turnover mismatch of Rs. 9.31 Crore for FY 2021-22. The company is evaluating options including filing an appeal against the order.
The confirmed GST demand and penalty amount to Rs. 36 Lakhs plus interest, which is relatively modest for a listed company. However, it signals a regulatory compliance issue that investors should monitor, especially if the company proceeds with an appeal.