Tax & Penalty6 Jun 2026, 03:01 pm
Praveg Ltd GST Liability Reduced to ₹20,000 from ₹17.8 Lakhs
AI Summary
Praveg Ltd has received a favorable order from the Appellate Authority regarding a GST dispute. Initially, the Deputy State Tax Office had raised a demand of ₹17,83,112. Praveg Ltd appealed this order, and the Appellate Authority has now substantially allowed the appeal, reducing the company's liability to ₹20,000. This significant reduction in tax liability is a positive development for the company.
Key Highlights
- Praveg Ltd's GST liability reduced significantly by Appellate Authority.
- Original demand was ₹17,83,112, now reduced to ₹20,000.
- The company's appeal against the tax order was substantially allowed.
- This resolves a major ongoing litigation for the company.
Price Impact
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