Euro Pratik Sales Limited Reports GST Department Inspection at Mumbai Facilities
Euro Pratik Sales Limited disclosed GST Department inspection proceedings at its Mumbai offices and Thane godowns from February 23 to March 1, 2026. The company reported no material adverse findings and minimal financial impact of Rs. 11.70 lakh, comprising interest payment and Input Tax Credit reversal, both duly paid during the inspection period.
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Euro Pratik Sales Limited has informed stock exchanges about a Goods & Service Tax (GST) Department inspection conducted at its Mumbai facilities, disclosing the proceedings under regulatory compliance requirements.
Inspection Details and Timeline
The GST Department, Mumbai, Maharashtra initiated inspection and search proceedings under Section 67 of the Maharashtra Goods & Services Tax Act, 2017. The inspection commenced on February 23, 2026 at 3.30 p.m. and concluded on March 1, 2026 at 11.00 p.m.
| Parameter: | Details |
|---|---|
| Inspection Authority: | Goods & Service Tax Department, Mumbai, Maharashtra |
| Legal Provision: | Section 67 of Maharashtra GST Act, 2017 |
| Start Date: | February 23, 2026 at 3.30 p.m. |
| End Date: | March 1, 2026 at 11.00 p.m. |
Facilities Covered
The inspection covered multiple locations of the company's operations in Mumbai and Thane. The GST officials conducted proceedings at the company's offices situated at 6th and 8th Floor, Peninsula Heights, C D Barfiwala Marg, Andheri (West), Mumbai. Additionally, the inspection extended to godowns located at Gala No. 1, 101-107, Building No. N, and Gala No. 1, 2, Building No. H, Swagat Complex, Rahnal, Thane.
Financial Impact and Compliance
The company reported minimal financial impact from the inspection proceedings. Euro Pratik Sales confirmed that no material adverse finding, default, or suppression of information was attributable to the company during the inspection.
| Financial Impact: | Amount (Rs.) |
|---|---|
| Interest Payment: | 6,64,115 |
| Input Tax Credit Reversal: | 5,06,371 |
| Total Impact: | 11,70,486 |
Both amounts were duly paid by the company during the inspection period. The company emphasized that there is no material impact on its financials, business operations, or other activities due to the inspection proceedings.
Regulatory Compliance
Euro Pratik Sales extended full cooperation and assistance to the Maharashtra State GST officials throughout the inspection process. The company has committed to making necessary disclosures if any material updates arise that require intimation under the SEBI Listing Regulations. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.
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