Home GST GST Official Issues a Tax Penalty Order to Suzuki Motor Gujarat Pvt. Ltd.

GST Official Issues a Tax Penalty Order to Suzuki Motor Gujarat Pvt. Ltd.

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GST Official Issues a Tax Penalty Order to Suzuki Motor Gujarat Pvt. Ltd.

GST Demand Notice to Suzuki Motor Gujarat Pvt Ltd

On Wednesday, Maruti Suzuki India confirmed that the Gujarat GST authority has maintained a tax demand totalling Rs 173.9 crore, coupled with a penalty of Rs 17.4 crore on its subsidiary, Suzuki Motor Gujarat Pvt Ltd. The subsidiary intends to enchantment this resolution and can strategy the primary appellate authority to contest the order.

Learn Additionally:- Maruti Suzuki Earns Revenue After GST in First Quarter

In an official submitting with the alternate, the foremost passenger automotive producer within the nation disclosed that its subsidiary, Suzuki Motor Gujarat Pvt Ltd, obtained an adjudication order dated December 21, 2023, from the Gujarat GST authority. The order upholds a requirement of Rs 173.9 crore, accompanied by a penalty of Rs 17.4 crore about tax legal responsibility underneath reverse cost for particular companies.

Gujarat GST Division issued the adjudication order for the interval July 2017 to August 2022, Maruti Suzuki India mentioned.

Earlier than the present trigger discover was issued, Suzuki Motor Gujarat (SMG) had already settled the tax sum of Rs 173.9 crore, as said.

The corporate additionally confirmed SMG’s intention to contest the order by interesting to the primary appellate authority.

Learn Additionally:- GST Wing Might Ship Extra SCN to Indian Companies within the Coming Time

Moreover, the corporate clarified that this order’s implications wouldn’t considerably have an effect on its funds, operations, or different actions.

On Wednesday, Maruti Suzuki shares dipped by 1.19% to Rs 10,075.45.

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