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DIC India Limited ( (IN:DICIND) ) has shared an update.
DIC India Limited has informed the stock exchanges about a significant reduction in a tax demand from the GST department of Karnataka. Initially, the company faced a demand of INR 6.71 crore for the fiscal year 2021-22 due to alleged Input Tax Credit violations. However, after representations, the final order reduced this demand to INR 3.81 lakh. This reduction indicates a favorable outcome for DIC India Limited, minimizing financial impact and potential operational disruptions.
More about DIC India Limited
Average Trading Volume: 646
Technical Sentiment Signal: Hold
Current Market Cap: 4.59B INR
See more insights into DICIND stock on TipRanks’ Stock Analysis page.