Prudent Corporate Advisory Services Limited received a GST order from Officer of State Tax, Gujarat, Ghatak 9, Division 1 (Ahmedabad), Gujarat, raising a demand along with interest and penalty. Nature - GST Assessment Order u/s 73 [Form GST DRC-07]. Period involved -April, 2018 to March 31,2019.

Tax demand raised - INR 838,030, Interest ­ INR 1,172,599 and Penalty raised - INR 83,803. Details of the violation: A) Allegation that under declaration of Ineligible ITC/availed blocked and Allegation that Input tax credit availed from cancelled dealers, returns defaulters and tax non payer supplier.