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GE Vernova T&D India Limited ( ($IN:GVT&D) ) just unveiled an announcement.
GE Vernova T&D India Limited has been issued a tax demand and penalty by the Office of Assistant Commissioner, Central GST, Vadodara, for non-payment of GST on exempted freight charges from April 2018 to March 2023. The total demand and penalty amount to INR 44,64,162 each, with applicable interest. The company plans to appeal the order, and it has stated that there will be no material impact on its financial or operational activities, limiting the financial impact to the extent of the order.
More about GE Vernova T&D India Limited
GE Vernova T&D India Limited operates in the electrical transmission and distribution industry, focusing on providing advanced technology solutions for power grid infrastructure. The company is involved in the manufacture and supply of products and services that enhance the efficiency and reliability of electricity networks, catering to both domestic and international markets.
Average Trading Volume: 25,478
Current Market Cap: 777.4B INR
For an in-depth examination of GVT&D stock, go to TipRanks’ Overview page.