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Astral Limited Receives GST Order with No Operational Impact

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Astral Limited Receives GST Order with No Operational Impact

The latest announcement is out from Astral Limited ( (IN:ASTRAL) ).

Astral Limited, a company listed on the BSE and NSE, has received an order under the Goods and Services Tax Act, 2017, from the Additional Commissioner of State Tax in Patna, Bihar. The order pertains to non-payment of RCM on freight payment, ineligibility of ITC on capital goods, and other GST-related issues, resulting in a total tax liability of Rs. 1,50,26,454 along with interest and penalties. Despite this, Astral Limited believes it has strong grounds to contest the order and asserts that there is no impact on its financial or operational activities.

More about Astral Limited

YTD Price Performance: -18.94%

Average Trading Volume: 15,869

Current Market Cap: 359.6B INR

See more data about ASTRAL stock on TipRanks’ Stock Analysis page.

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