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An update from PSP Projects Ltd ( (IN:PSPPROJECT) ) is now available.
PSP Projects Ltd has received an order from the Office of the State Tax Officer in Ahmedabad, imposing a penalty of INR 14,43,100 due to alleged ineligible Input Tax Credit claims under section 16(2) of the SGST/CGST Act, 2017. Despite this order, the company states that there is no material impact on its financials or operations and plans to file an appeal with the appellate authority.
More about PSP Projects Ltd
PSP Projects Ltd operates in the construction industry, providing a range of services including civil construction, interior work, and electrical work. The company focuses on projects across industrial, institutional, government, and residential sectors, primarily in India.
Average Trading Volume: 34,509
Technical Sentiment Signal: Buy
Current Market Cap: 36.15B INR
Find detailed analytics on PSPPROJECT stock on TipRanks’ Stock Analysis page.