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The latest announcement is out from Just Dial Ltd. ( (IN:JUSTDIAL) ).
Just Dial Limited has disclosed that it has received an order from the Assistant Commissioner of State Tax, Mazgaon, Mumbai, imposing a penalty of Rs. 6.62 crore under the Central and Maharashtra Goods and Services Tax Acts for alleged excess availment of input tax credit on common services in FY 2018-19, along with a demand for additional tax and interest aggregating Rs. 15.21 crore. The company has stated it will appeal the order and clarified that while the financial impact is limited to the amounts specified, there is no effect on its operations or other business activities, signaling that day-to-day functioning and service delivery remain unaffected despite the tax dispute.
More about Just Dial Ltd.
Just Dial Limited is an Indian local search and discovery platform operator that connects consumers with businesses across categories through online, mobile, and telephone-based services. The company focuses on providing searchable business listings and related services to users and advertisers across India.
Average Trading Volume: 8,274
Technical Sentiment Signal: Sell
Current Market Cap: 62.08B INR
For an in-depth examination of JUSTDIAL stock, go to TipRanks’ Overview page.