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The latest update is out from ISGEC Heavy Engineering Ltd. ( (IN:ISGEC) ).
Isgec Heavy Engineering Limited has disclosed that the Assistant Commissioner of Central Tax, Bengaluru, has imposed a penalty of Rs. 1,71,116 on the company under the Goods and Services Tax regime, related to taxes that the company states were already paid without any associated interest or penalty. The company has clarified that the financial impact is limited to the penalty amount and has announced its intention to challenge the order by filing an appeal under the Goods and Services Tax Act, signaling that it does not expect any material operational disruption but is actively contesting the tax authority’s position.
More about ISGEC Heavy Engineering Ltd.
Isgec Heavy Engineering Limited is an Indian engineering company engaged in manufacturing and supplying heavy engineering equipment and solutions, with its securities listed on both BSE and the National Stock Exchange of India, and operating under the regulatory framework applicable to listed entities in the country.
Average Trading Volume: 6,405
Technical Sentiment Signal: Buy
Current Market Cap: 67.52B INR
Learn more about ISGEC stock on TipRanks’ Stock Analysis page.