ProStarm Info Systems Receives Favorable GST Ruling, Proceedings Dropped
ProStarm Info Systems Limited received a positive ruling from the Additional Commissioner of GST in Maharashtra, terminating all actions related to a previous Show Cause Notice. The ruling, received on October 28, 2025, pertains to a demand of INR 1,46,04,810 for the period April 2018 to March 2019. The company had already paid INR 28,19,182. With this decision, ProStarm faces no further liability towards the SCN, and all proceedings have been dropped.
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Prostarm Info Systems Limited has received a positive ruling from the Additional Commissioner of the Goods and Services Tax (GST) Department of Maharashtra, resulting in the termination of all actions against the company related to a previous Show Cause Notice (SCN).
Key Highlights
- The GST Department of Maharashtra has dropped all proceedings against ProStarm Info Systems.
- The company received an order confirming the favorable decision on October 28, 2025.
- The ruling pertains to a Show Cause Notice dated June 30, 2025, for the period April 2018 to March 2019.
Details of the GST Matter
ProStarm Info Systems had been facing a demand from the GST Department, which has now been resolved. Here are the key details of the case:
| Particular | Detail |
|---|---|
| Original Demand | INR 1,46,04,810 (including interest and penalty) |
| Period Concerned | April 2018 to March 2019 |
| Payment Made by Company | INR 28,19,182 |
| Final Outcome | No liability towards the SCN, all proceedings dropped |
Company's Response
Following the receipt of the favorable order, ProStarm Info Systems promptly informed the stock exchanges as per the regulatory requirements. Sachin Gupta, Company Secretary and Compliance Officer of ProStarm Info Systems, submitted the disclosure to both the BSE and NSE.
Implications for Investors
This resolution of the GST matter is likely to be viewed positively by investors and stakeholders. The dropping of all proceedings against the company eliminates a potential financial and legal risk that had been hanging over ProStarm Info Systems.
The company's proactive approach in addressing the issue, including making a partial payment and successfully representing its case before the authorities, demonstrates effective management of regulatory challenges.
Investors may want to keep an eye on how this resolution might impact the company's financial statements and overall business operations going forward. However, as always, it's advisable to consider multiple factors when making investment decisions.
