Prudent Corporate Advisory Services Ltd Receives ₹37.16 Cr GST Notice

Prudent Corporate Advisory Services Ltd has received a GST notice from the Directorate General of Goods & Service Tax Intelligence (DGGI), Zonal Unit, Ahmedabad. The notice, Form GST DRC-01 issued under Section 74 of the CGST/SGST/IGST Act 2017, pertains to the period FY 2021-22 to FY 2022-23. It alleges the availment of ineligible input tax credit, with a tax involvement of ₹37,16,18,755, along with applicable interest and penalty. The company received the communication on April 21, 2026, and is currently reviewing the notice. Prudent Corporate Advisory Services Ltd plans to respond appropriately within the prescribed timelines and does not anticipate any material impact on its financial, operational, or other activities.