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Bata India Ltd ( (IN:BATAINDIA) ) has shared an update.
Bata India Ltd has disclosed that the Office of the Commercial Tax Officer, Chandigarh, has issued a demand and assessment order under the CGST Act for the financial year 2021-22, citing ineligible input tax credit claims and insufficient supporting documentation. The order imposes a penalty of Rs 23.95 lakh in addition to tax and interest, though the company maintains it has a strong case to contest the matter before the appropriate authorities and does not expect any material financial impact on its operations or overall financial position.
More about Bata India Ltd
Bata India Ltd is a leading footwear and accessories retailer in India, operating across the country through a wide network of stores and channels. The company focuses on mass and mid-market consumers, offering a broad portfolio of shoes and related products under the well-known Bata brand.
Average Trading Volume: 23,044
Technical Sentiment Signal: Sell
Current Market Cap: 122.1B INR
For detailed information about BATAINDIA stock, go to TipRanks’ Stock Analysis page.