Praveg Ltd GST Litigation Concluded, No Demand Imposed

Praveg Ltd has announced the conclusion of a Goods and Services Tax (GST) litigation concerning the alleged wrongful availment of Input Tax Credit (ITC) for property construction. The company had previously disclosed a potential financial implication of up to Rs. 2,46,55,446/-. The Office of the Assistant Commissioner has now passed an order concluding the proceedings, stating that no tax demand, interest, or penalty has been imposed on the company. The matter is now disposed of with a nil financial implication.