Popular Vehicles and Services Limited (PVSL) has disclosed an action taken by the Assistant Commissioner, Coimbatore -IV Division, against its subsidiary, Prabal Motors Private Limited. The department has issued a demand order (No. 19/2025-26 GST (AC)) for the Financial Year 2021-22. Prabal Motors is alleged to have claimed excess Input Tax Credit (ITC) amounting to ₹1,00,83,198 during the aforementioned year. Consequently, a tax demand for this amount, along with applicable interest until the date of actual payment, has been raised. Additionally, a penalty of ₹10,08,020 has been imposed. The order was received by the company on December 17, 2025. PVSL states that there is no financial impact on the parent company beyond the claimed tax amount of ₹1,00,83,198, plus interest, and the penalty of ₹10,08,020.