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The latest announcement is out from Gravita India Limited ( (IN:GRAVITA) ).
Gravita India Limited has been ordered by the Central Goods and Services Tax Appeals Commissionerate, Jammu, to pay a total of Rs. 34,62,056 due to availing Input Tax Credit (ITC) in violation of the Central Goods and Services Tax Act, 2017. The order includes both tax and penalty components, and despite Gravita’s appeal with supporting documentation, the Appellate Authority rejected their case. The company plans to further appeal the decision to the Goods and Services Tax Appellate Tribunal, indicating a potential ongoing legal process that may impact its financial and operational activities.
More about Gravita India Limited
Gravita India Limited operates in the recycling industry, focusing primarily on the production and sale of lead and aluminum products. The company is known for its sustainable practices and has a significant market presence in the recycling sector.
Average Trading Volume: 23,803
Technical Sentiment Signal: Buy
Current Market Cap: 128.5B INR
For detailed information about GRAVITA stock, go to TipRanks’ Stock Analysis page.