Valiant Labs Faces ₹18 Lakh GST Penalty; Some Charges Dropped

Valiant Laboratories Ltd received an order from the Joint Commissioner, CGST & C. Ex., Navi Mumbai, confirming a GST demand of ₹18 Lakhs related to a Corporate Guarantee, along with a penalty of ₹18 Lakhs and applicable interest. This stems from a Show Cause Notice dated January 14, 2026. Other alleged violations regarding Input Tax Credit on IPO expenses (approximately ₹2.85 Crore) and turnover mismatch for FY 2021-22 (approximately ₹9.31 Crore) were dropped. The company is evaluating options, including filing an appeal.