PEPitti Engineering513519Tax or GST

GST search at unit concluded; company agrees to discharge Rs. 63,38,195 tax and Rs. 14,53,635 interest

GST investigation/search at the Maharashtra manufacturing unit concluded on 13 Oct 2026 at 11:30 P.M.

By ScoutQuest · Wed 14 Oct 2026, 1:59 PM IST · 2 min read

GST liability agreed to be discharged

Rs. 63,38,195

Interest on GST liability

Rs. 14,53,635

Discrepancy period

FY 2022-23 to FY 2026-27

What happened

Pitti Engineering Limited informed the exchanges that the investigation or search proceeding under Section 67 of the Maharashtra Goods and Services Tax Act 2017, initiated by Maharashtra State GST officials at its manufacturing unit in the State of Maharashtra, was concluded on 13 October 2026 at 11:30 P.M. The company said it extended full co-operation and assistance in the matter and that the entire process was concluded peacefully and cordially. The authority named is the Deputy Commissioner of State Tax, Maharashtra. This intimation follows the company's earlier intimation dated 8th October 2026.

What the company has agreed to discharge

The company said that, pursuant to the investigation, certain discrepancies were identified for the period FY 2022-23 to FY 2026-27, and that it has agreed to discharge the applicable GST liability together with the corresponding interest:

• Reverse Charge Mechanism (RCM): tax liability Rs. 26,88,245 and interest Rs. 10,00,096
• TDS credit wrongly availed: tax liability Rs. 27,98,731 and interest Rs. 1,46,129
• Reversal of Input Tax Credit (ITC): tax liability Rs. 8,51,219 and interest Rs. 3,07,410
• Total: tax liability Rs. 63,38,195 and interest Rs. 14,53,635

The company said the tax amount proposed to be discharged will be available as Input Tax Credit to the company, subject to eligibility in accordance with law. It also said it has provided all necessary documents, clarifications and details as required, and has agreed to provide additional documents and details sought by the GST Authority in due course of time.

Impact stated by the company

The company stated that there is no material impact on its financials, business operations or any other activities due to the aforesaid investigation or search proceedings.

How to read this

• The disclosure concerns a GST investigation or search at a manufacturing unit, and the company has reported that the proceeding has concluded.
• The figures involved are the tax liability of Rs. 63,38,195 and interest of Rs. 14,53,635, as broken up above.
• The company's own stated position is that the impact is not material, and it notes that the tax discharged may be available as Input Tax Credit, subject to eligibility.
• The company has agreed to provide further documents and details sought by the GST Authority in due course.

What investors may track

Subsequent disclosures from the company on the actual discharge of the liability and on the Input Tax Credit eligibility would provide clarity on how this flows through the accounts.

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