Thursday, April 11, 2024

Creating liberating content

HomeBusinessMaruti Suzuki to...

Maruti Suzuki to file reply to show cause notice from GST Authority – World News Network

Mumbai (Maharashtra) [India],  October 1 (ANI): Maruti Suzuki India has said that it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 1,393 million “in matter of tax liability under reverse charge basis on certain services”.    
The notice pertains to the period from July 2017 to August, 2022, the company said in a regulatory filing
”The company will file a reply to the show cause notice before the Adjudicating Authority. There is no impact on financial, operation or other activities due to the notice,” it said.
Maruti Suzuki India also said it has received an order from the Punjab and Haryana High Court “dismissing appeal filed by Central Excise Department for denial of input service credit to the company”.      
“The company has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed. The Central Excise Department had filed appeals before the High Court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input service credit on certain services was allowed to company and penalty was also dropped,” the filing said.
“The total tax and penalty amount involved in the department’s appeal was Rs 572 million,” it added. (ANI)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

Get notified whenever we post something new!


Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Jayesh Saini, chairman of Lifecare Hospitals, felicitated with “Best Emerging Leader 2023” – World News Network

New Delhi [India], November 16: In a momentous celebration of innovation and excellence, Jayesh Saini, the visionary Chairman of Lifecare Hospitals, has been honored with the prestigious "World's Best Emerging Brand for Lifecare" and "Best Emerging Leader" awards from the esteemed WCRCINT at The House of Lords, London.

SundayGrids Unveils Revolutionary ‘Digital Solar’ Platform, Paving the Way for Accessible Clean Energy in India – World News Network

Mumbai (Maharashtra) [India], November 16: SundayGrids, an innovative clean energy company, has launched a groundbreaking 'Digital Solar' service, revolutionizing the way urban India interacts with solar energy. This pioneering platform enables individuals to subscribe to solar power without the need for rooftop panel installations, overcoming one of the most significant barriers to solar adoption in densely populated areas.

Global Fisheries Conference India 2023 to be held in Ahmedabad on Nov 21- 22: Union Minister Rupala – World News Network

The curtain raiser event of the Global Fisheries Conference India 2023 Union Minister Parshottam Rupala said, "The Indian Fisheries Sector has shown a growth of in fish production, export, aquaculture that is the cumulative result of efforts from Centre, States/UTs and beneficiaries in all fields particularly Inland Fisheries that makes up for more than 70 per cent of the fish production".

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.