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Hitachi Energy India Limited ( (IN:POWERINDIA) ) just unveiled an update.
Hitachi Energy India Limited has disclosed receiving an order from the Joint Commissioner of CGST & CE, Vadodara-I, regarding an alleged erroneously sanctioned refund for the period from October 2020 to June 2021. The order demands the recovery of GST, interest, and penalties totaling approximately Rs. 25.26 crore. The company considers the tax demand and penalty to be arbitrary and plans to appeal the decision, asserting that the charges are unjustified and unsustainable under current laws.
More about Hitachi Energy India Limited
Hitachi Energy India Limited operates in the energy sector, focusing on providing products and services related to energy systems and solutions. The company is involved in the development and implementation of energy infrastructure, catering to various market needs in the energy industry.
Average Trading Volume: 7,144
Technical Sentiment Signal: Buy
Current Market Cap: 909.5B INR
Learn more about POWERINDIA stock on TipRanks’ Stock Analysis page.