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Maruti Suzuki India Limited ( (IN:MARUTI) ) just unveiled an announcement.
Maruti Suzuki India Limited has disclosed that it received an adjudication order from the West Bengal GST Authority relating to the availment of GST credit for the period from April 2018 to March 2023. The order raises a tax demand of Rs 4.33 million along with an equivalent penalty of Rs 4.33 million, but the company has stated that this will not have any major impact on its financial, operational or other activities, and it plans to challenge the order by filing an appeal with the first appellate authority.
More about Maruti Suzuki India Limited
Maruti Suzuki India Limited is India’s largest passenger vehicle manufacturer, operating in the automotive industry with a primary focus on producing and selling cars for the domestic market as well as exports. The company offers a wide range of mass-market and premium passenger vehicles and is a key player in shaping India’s small and mid-sized car segments.
Average Trading Volume: 12,328
Technical Sentiment Signal: Buy
Current Market Cap: 5140.5B INR
For detailed information about MARUTI stock, go to TipRanks’ Stock Analysis page.