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Adani Wilmar Limited ( (IN:AWL) ) has provided an announcement.
AWL Agri Business Limited has disclosed that it received an order from the Office of the Joint Commissioner, Corporate Circle, Lucknow, under Section 73 of the Uttar Pradesh Goods & Services Tax Act, 2017, imposing a penalty of Rs 35,02,383. The penalty arises from a demand order disallowing input tax credit due to reconciliation differences with GSTR-2A and issues linked to eligibility under Section 17(5) of the Central GST Act. The company plans to appeal the order before the appropriate authority and has stated that it does not expect any material impact on its financial, operational or other activities as a result of this penalty.
More about Adani Wilmar Limited
AWL Agri Business Limited, formerly known as Adani Wilmar Limited, operates in the agri-business and food processing sector from its registered office in Ahmedabad, Gujarat, and is known for its edible oils and related agri-products serving the Indian consumer market.
Average Trading Volume: 1,329,707
Technical Sentiment Signal: Sell
Current Market Cap: 314.2B INR
For an in-depth examination of AWL stock, go to TipRanks’ Overview page.