Popular Vehicles and Services Limited announced action taken/order passed by CTO- Ayanavaram Central II Chennai. Nature and details of the action(s) taken, initiated or order(s) passed: SCN issued for Assessment 2019-20 under Section 73 of TNGST Act for Tax of. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: June 11, 2024.

Details of the violation(s) /contravention(s) committed or alleged to be committed: IGST short remittance GSTR1 Vs GSTR9; Ineligible ITC availed and ITC availed from Cancelled/Defaulted vendors. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Tax impact 1.743 million with interest.