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The latest update is out from CRISIL Limited ( (IN:CRISIL) ).
CRISIL Limited has disclosed that it received an assessment order under the GST Act, 2017 from the Office of the Assistant Commissioner of CGST & Central Tax, Division-VIII, Mumbai East, relating to a show cause notice over an alleged disagreement on the admissibility of credit notes for the financial year 2018-19. The order imposes a penalty demand of ₹40.72 lakh for FY 2018-19, but CRISIL has stated that the matter has no material impact on its financials, operations or other activities, and the company intends to file an appeal against the demand, signalling that it views the issue as a manageable tax dispute rather than a development affecting its core business or strategic position.
More about CRISIL Limited
CRISIL Limited is a India-based global analytics and ratings company that provides credit ratings, research, risk and policy advisory services to financial institutions, corporates, governments and regulators. The company operates in the financial services and analytics industry, supporting decision-making across capital markets and the broader economy through data-driven insights and assessments.
Average Trading Volume: 3,405
Technical Sentiment Signal: Hold
Current Market Cap: 314.9B INR
Find detailed analytics on CRISIL stock on TipRanks’ Stock Analysis page.