Valiant Laboratories Limited Receives GST Order from Navi Mumbai Commissionerate
Valiant Laboratories Limited has reported receiving an order dated May 29, 2026, from the Office of the Joint Commissioner, CGST & C. Ex., Navi Mumbai Commissionerate. This communication pertains to the company’s tax obligations under the GST Act, 2017.The order clarifies a GST demand amounting to Rs. 18 Lakhs. This demand relates to a Corporate Guarantee, along with an additional penalty of Rs. 18 Lakhs and applicable interest under Section 50(1) of the CGST Act, 2017 and the relevant sections of the SGST Act, 2017. The period covered by this communication is April 2023 to March 2024.
Significantly, the order also acted on several allegations previously raised. The adjudicating authority dropped allegations regarding ineligible availment of Input Tax Credit on IPO expenses, which were approximately Rs. 2.85 Crore, and addressed a turnover mismatch between Financial Statements and GST returns for FY 2021-22, which was approximately Rs. 9.31 Crore.
The company stated that it is currently evaluating all options, including filing an appeal against the received order before the appropriate authority.
The key details of the communication received from the regulatory authority are summarized below:
| Detail | Description | Amount / Scope |
|---|---|---|
| Authority | Office of the Joint Commissioner, CGST & C. Ex., Navi Mumbai Commissionerate | N/A |
| Date of Order | May 29, 2026 | N/A |
| Confirmed GST Demand | In relation to Corporate Guarantee | Rs. 18 Lakhs |
| Confirmed Penalty | Under CGST and SGST Acts | Rs. 18 Lakhs |
| Other Allegations Dropped | Ineligible ITC on IPO expenses | Approximately Rs. 2.85 Crore |
| Other Allegations Dropped | Turnover mismatch (FY 2021-22) | Approximately Rs. 9.31 Crore |
| Financial Impact | Total confirmed demand and penalty | Rs. 36 Lakhs (plus interest) |
VALIANTLAB Stock Price Movement
Valiant Laboratories Limited shares slipped by 0.77% on Friday, settling at ₹77.44. The stock experienced a trading volume of 18,713 shares during the session.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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