Prudent Corporate Advisory Services Limited — Important, 29-11-2024: Updates

The company has received a GST notice from the Assistant Commissioner of State Tax regarding un-reconciled Input Tax Credit (ITC) disclosures for the period from April 2020 to March 2021, involving a tax amount of ₹1.37 lakh. While the notice indicates the potential for interest and penalty, the company does not anticipate any material impact on its financial or operational activities. Management plans to respond to the notice within the stipulated timeframe. Investors should monitor this situation, but the outlook remains positive given the company's assessment of the issue's limited impact.