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Hindustan Zinc Faces GST Penalty, Plans Appeal

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Hindustan Zinc Faces GST Penalty, Plans Appeal

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Hindustan Zinc Limited ( (IN:HINDZINC) ) has issued an announcement.

Hindustan Zinc Limited has received an order from the Central Goods and Services Tax Division in Udaipur, imposing a penalty of Rs. 19,59,144 due to ineligible Input Tax Credit for the fiscal year 2021-22. The company plans to appeal the decision, believing it will not have a significant financial impact on its operations.

More about Hindustan Zinc Limited

Hindustan Zinc Limited operates in the mining industry, primarily focusing on the production of zinc, lead, and silver. It is a major player in the Indian market, supplying essential metals for various industrial applications.

Average Trading Volume: 343,333

Technical Sentiment Signal: Strong Buy

Current Market Cap: 2104.6B INR

For an in-depth examination of HINDZINC stock, go to TipRanks’ Overview page.

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