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An announcement from Hindustan Zinc Limited ( (IN:HINDZINC) ) is now available.
Hindustan Zinc Limited has been issued an order by the Office of the Assistant Commissioner of the Central Goods and Service Tax in Udaipur, demanding a penalty of Rs. 70,45,448 along with a tax demand and applicable interest. This action is due to the disallowance of Input Tax Credit on input services from April 2018 to March 2023. The company plans to appeal the decision, believing that the order will not have a material 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. The company is a significant player in the Indian market, supplying essential metals for various industrial applications.
Average Trading Volume: 265,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2105.5B INR
For detailed information about HINDZINC stock, go to TipRanks’ Stock Analysis page.