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Everest Industries Limited ( (IN:EVERESTIND) ) has shared an update.
Everest Industries has disclosed that the Deputy Commissioner of CGST, Ranchi, has issued a goods and services tax order covering fiscal years 2018-19 to 2022-23, reducing the earlier tax demand (including interest) from Rs 2.11 crore to about Rs 0.66 crore under various GST provisions, while simultaneously imposing a penalty of roughly Rs 2.11 crore. The company intends to appeal the total demand of Rs 2.78 crore, and based on its assessment does not expect the order to have any material financial impact on its operations, signaling that the dispute is unlikely to significantly affect its ongoing business activities or financial position.
More about Everest Industries Limited
Everest Industries Limited is an Indian listed company operating in the manufacturing and building materials space, with registered offices in Maharashtra and a corporate office in Mumbai, and its shares traded on both the National Stock Exchange of India and BSE under the code EVERESTIND/508906.
Average Trading Volume: 691
Technical Sentiment Signal: Sell
Current Market Cap: 8.26B INR
For an in-depth examination of EVERESTIND stock, go to TipRanks’ Overview page.