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Crompton Greaves Consumer Electricals Ltd. ( (IN:CROMPTON) ) has provided an announcement.
Crompton Greaves Consumer Electricals Limited has disclosed that it received an order from the Joint Commissioner in Lucknow, Uttar Pradesh, raising a GST demand of INR 57,187 for the period from April 2021 to March 2022, relating to alleged excess input tax credit claimed in GSTR-3B versus GSTR-2A. The company intends to appeal the order before the Commissioner (Appeals), expects a favourable outcome based on legal advice, and has clarified that the amount involved is not material and will have no significant impact on its financials, operations or other activities.
More about Crompton Greaves Consumer Electricals Ltd.
Crompton Greaves Consumer Electricals Limited is an Indian consumer electricals company that manufactures and markets products such as fans, lighting, pumps, and other household electrical appliances, serving residential and commercial customers across the country.
Average Trading Volume: 251,457
Technical Sentiment Signal: Sell
Current Market Cap: 167.2B INR
Find detailed analytics on CROMPTON stock on TipRanks’ Stock Analysis page.