GST Dept Slaps Rs. 1.46 Cr Notice on Prostarm for Wrong ITC Claim

Prostarm Info Systems Limited has informed the stock exchanges BSE and NSE that it has received a Show Cause Notice from the GST Department.

Prostarm Info Systems Faces Rs 1.46 Crore Show Cause Notice

Nidhi | Jul 2, 2025 |

GST Dept Slaps Rs. 1.46 Cr Notice on Prostarm for Wrong ITC Claim

GST Dept Slaps Rs. 1.46 Cr Notice on Prostarm for Wrong ITC Claim

Prostarm Info Systems Limited has informed the stock exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), that it has received a Show Cause Notice (SCN) from the GST Department of Maharashtra. The notice was received on June 30, 2025, and related to the financial year 2018-2019.

The GST department claims that the company availed incorrect Input Tax credit (ITC) on some transactions. Due to this, the tax authority has issued a show cause notice (SCN) of Rs 1,46,04,810, including interest and penalty. The company stated that it has strong merits and is planning to file an official reply challenging the claims made in the SCN.

Also Read
Received Income Tax Notice u/s 143(2)? Don’t Panic, Here is What You Need to Know

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Nidhi
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Nidhi is a skilled content writer specializing in personal finance. She creates clear, engaging articles on mutual funds, investments, insurance, and wealth-building strategies. With a passion for simplifying complex financial topics, Nidhi helps readers make informed money decisions with confidence. She can be reached at [email protected]

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