30-Sept-2026 17:17:22

PRINCE PIPES AND FITTINGS LIMITED RECEIVES SHOW CAUSE CUM DEMAND NOTICE

• Received Show Cause cum Demand Notice in Form GST DRC-01 from Office of The Commercial Tax Officer, State Goods & Service taxes Department, Government of Karnataka. • Notice is for FY 2022-23 for an aggregate amount of ₹65,93,632. • Allegations include excess outward tax in E-way Bills compared to GSTR3B, and excess ITC claimed in GSTR 3B not confirmed in GSTR 2A/2B or GSTR 9. • The company considers the demand not maintainable and is evaluating the matter. • No impact on financial, operational or other activities envisaged. Impact: Neutral (Procedural notice for tax assessment, company believes demand is not maintainable)

Prince Pipes and Fittings Ltd

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