Pitti Engineering GST Investigation Concluded

Pitti Engineering Ltd has announced the conclusion of an investigation and search proceeding initiated by Maharashtra State GST officials at its manufacturing unit. The investigation, conducted under Section 67 of the Maharashtra Goods and Services Tax Act, 2017, concluded on October 13, 2026. The company fully cooperated with the authorities. Certain discrepancies were identified for the period FY 2022-23 to FY 2026-27, leading to an agreed GST liability of ₹63,38,195 along with interest of ₹14,53,635. The company expects to utilize the discharged tax amount as Input Tax Credit, subject to eligibility. Pitti Engineering stated that there is no material impact on its financials or business operations due to this investigation.