Prince Pipes and Fittings Ltd Receives Demand Order from Rajasthan GST Department for ₹ 31,12,290

Prince Pipes and Fittings Ltd has received a demand order in Form GST DRC-07 dated March 30, 2026 from the Office of Joint Commissioner, State Goods & Service Taxes Department, Government of Rajasthan, Jaipur. The demand order is under Section 74 of the CGST/RGST Act, 2017 and rules framed thereunder for the financial year 2019-20. The demand includes tax, interest, and penalty amounting to ₹ 31,12,290. The demand notice has been issued by the GST Authority for the alleged claim of certain ineligible input tax credit under Section 17(5) of the CGST/RGST Act. The company is evaluating the matter and will submit its reply within the prescribed time limit. The company does not foresee any relevant impact on financials, operations, or other activities.