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Mahindra Logistics Ltd. ( (IN:MAHLOG) ) has shared an announcement.
Mahindra Logistics Ltd. has disclosed that the Deputy Commissioner in Haridwar, Uttarakhand has issued an order for the FY 2019-20 GST assessment, raising a tax demand of Rs 28.7 lakh, along with interest of Rs 33.1 lakh and an equivalent penalty, linked to alleged excess input tax credit claims. The logistics firm said these amounts will be treated as contingent liabilities and, based on legal advice and its own assessment, it does not expect the order to have any material impact on its financials or operations, as it plans to pursue relief at the next adjudicating or tribunal level.
More about Mahindra Logistics Ltd.
Mahindra Logistics Ltd. is an Indian third-party logistics and supply chain solutions provider, offering services such as transportation, warehousing, and integrated logistics management. The company serves diverse sectors including automotive, consumer, e-commerce, and manufacturing, with a significant presence across key industrial regions in India.
Average Trading Volume: 24,657
Technical Sentiment Signal: Buy
Current Market Cap: 36.67B INR
For detailed information about MAHLOG stock, go to TipRanks’ Stock Analysis page.