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The latest update is out from NESCO Limited ( (IN:NESCO) ).
Nesco Limited has disclosed that the Office of the Superintendent, CBIC in Anand, Vadodara, Gujarat has issued an order demanding payment of Rs 13.74 lakh in tax and an equivalent penalty for the financial years 2019-20 to 2021-22, based on allegations that the company was ineligible to claim GST input tax credit. The company has stated that the order is not expected to have any impact on its financial or operational activities at this stage and that it will evaluate its options, including the possibility of filing an appeal against the tax demand and penalty.
More about NESCO Limited
Nesco Limited is an India-based company with operations centered in Mumbai, with interests typically spanning exhibition centers, information technology parks, and related real estate and services for corporate and industrial clients, positioning it as a diversified player in commercial infrastructure and services.
Average Trading Volume: 4,025
Technical Sentiment Signal: Buy
Current Market Cap: 87.18B INR
See more data about NESCO stock on TipRanks’ Stock Analysis page.