Popular Vehicles and Services Limited announced the disclosure on demand order passed by Commercial Tax Officer, Ayanavaram Central II, Chennai Central, Tamil Nadu with respect to GST assessment of the company for the period 1 April 2018 to 31 March 2019. Name of the authority: Commercial Tax Officer, Ayanavaram Central II, Chennai Central, Tamil Nadu; Nature and details of the action(s) taken, initiated or order(s) passed: Order under Section 73 of TNGST Act for Tax of INR 74,892, Interest of INR 67,440 and penalty of INR 7,490 aggregating to a demand of INR 149,822. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 19 April 2024.

Details of the violation(s) /contravention(s) committed or alleged to be committed: i) Non-compliance of RCM Liability; ii) ITC availed on security charges invoices, were vendor had filed return of same invoices as RCM applied.