LIVE - Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply
AI-powered plain-English analysis of every important corporate announcement - financial results, order wins, dividends, mergers and more. Updated live.
-
Filed today
-
Companies tracked
NSE & BSE
Listed on
👋Welcome back, there - you're tracking 0 companies
🔔Sign in free to track companies and get alerts the moment they file
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors
Latest Filings -
📋 Filing Types Available on ForgeUp Filings
Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
The company lost its appeal on a GST demand and penalty, which are now confirmed to be Rs. 4.16 Crores in total.
🤖 AI Summary
Purohit Construction's GST appeal dismissed, original demand of Rs. 2.08 Cr and penalty of Rs. 2.08 Cr upheld.
Commissioner (Appeals), CGST, Ahmedabad upheld the Order-in-Original for FY 2017-18.
Demand relates to wrongful availment of Input Tax Credit (ITC).
Company is assessing further legal remedies, including an appeal to the GST Appellate Tribunal.
🔢 Key Numbers - exact figures from BSE filing, not rounded
GST Demand
Rs. 2.08 Crores
Penalty
Rs. 2.08 Crores
Aggregate Amount Upheld
Rs. 4.16 Crores
Financial Year of Demand
2017-18
🏢 How This Affects the Company
💰
Financial Impact
The upheld demand of Rs. 2.08 Crores GST and Rs. 2.08 Crores penalty represents a contingent liability that, if not successfully contested, will impact the company's financial position.
⚠️
Risk Impact
This ruling increases the financial and legal risk for Purohit Construction, as the Rs. 4.16 Crores demand is now confirmed at the appellate level, pending further legal recourse.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required. Shareholders should monitor future disclosures regarding legal proceedings.
👤
Who Is Affected
All shareholders are affected due to the potential financial impact of the confirmed Rs. 4.16 Crores GST demand and penalty.
🔍
Management Signal
Management's decision to explore further legal remedies signals their continued disagreement with the authorities' findings and intent to contest the demand.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Outcome of legal advice on GST Appellate Tribunal appeal.
Company's financial statements for disclosures on contingent liabilities.
Any further regulatory communications regarding this matter.
MEDIUM RISKConfirmed Rs. 4.16 Crores GST demand and penalty pending further legal challenge.
💡 Investor Takeaway
Purohit Construction's appeal against a Rs. 2.08 Crore GST demand and Rs. 2.08 Crore penalty was dismissed. The total confirmed demand of Rs. 4.16 Crores from FY 2017-18 is upheld.
⚖️ Strengths & Concerns
⚠️ Concerns
Commissioner (Appeals) upheld GST demand of Rs. 2.08 Crores and penalty of Rs. 2.08 Crores, totalling Rs. 4.16 Crores.
❓ Frequently Asked Questions
What is the outcome of Purohit Construction's appeal with CGST Ahmedabad?
The appeal filed by Purohit Construction against the Order-in-Original has been dismissed, and the original order has been upheld by the Commissioner (Appeals), CGST, Ahmedabad.
What is the total amount of GST demand and penalty confirmed against Purohit Construction?
The confirmed GST demand is Rs. 2.08 Crores, and the equivalent penalty is Rs. 2.08 Crores, aggregating to Rs. 4.16 Crores.
For which financial year is the GST demand raised against Purohit Construction?
The GST demand, related to wrongful availment of Input Tax Credit (ITC), is for the financial year 2017-18.
What are Purohit Construction's next steps regarding the confirmed GST demand?
The company is evaluating further legal remedies available under law, including filing an appeal before the GST Appellate Tribunal, subject to legal advice.
Questions based on this BSE filing only. For information purposes.
All BSE filings we have analysed for Purohit Construction Ltd.
You've read one filing
There are 32,000 more, and one of them is about a company you own
Follow a company and we'll email you the moment it files
again - explained, not just forwarded. Free.
Follow companies and get filings by email
Save any filing to read later
Two full AI analyses every month, free
No card needed. Sign in with Google in two taps.
⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔖
Save filings you care about
Sign in free to save any filing and get notified when the same company files again.
🔖
Save This Filing
Sign in with Google to save this filing and get notified when this company files again. Free, takes 5 seconds.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector - takes 5 seconds.