Praveg Ltd Appeal Against GST Order Substantially Allowed; Liability Reduced to Rs 20,000
Pravedg Limited has received a favorable order from the Appellate Authority regarding an ongoing Goods and Services Tax (GST) dispute. The Appellate Deputy Commissioner (S.T.), Goods and Service Tax, Chengalpattu, substantially allowed the Company's appeal after reviewing the initial GST order dated December 18, 2024.The litigation originated with an order from the Deputy State Tax Office, Roving Squad-V, Chengalpattu Intelligence. The dispute involved a claimed amount of Rs. 17,83,112/-.
In the subsequent appeal to the Appellate Authority, the Company received relief in the matter. Through the order passed on June 05, 2026 under the IGST Act 2017, the liability determination was drastically reduced from the disputed amount to Rs. 20,000/- only.
The details of the litigation and the current status are summarized below:
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Name of the Opposing Party | Deputy State Tax Office, Roving Squad-V, Chengalpattu Intelligence. |
| 2 | Date of initiation of the litigation / dispute | December 18, 2024 |
| 3 | Status of the litigation / dispute as per last disclosure | Appeal has been submitted against order for set out of disputed amount of Rs. 17,83,112/-. |
| 4 | Current status of the litigation / dispute | The Appellate Deputy Commissioner (S.T.), Goods and Service Tax, Chengalpattu vide Order dated June 05, 2026 passed under IGST Act 2017, has substantially allowed the Company's appeal and determined the liability at Rs. 20,000/- only. |
PRAVEG Stock Price Movement
On Friday, shares of Praveg Limited edged higher to close at ₹236.45 after gaining 3.89%, or ₹8.90, over the trading session. The stock traded within a tight range of ₹229.0 to ₹237.5, with a volume of 27,528 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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