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NIIT Limited ( (IN:NIITLTD) ) just unveiled an announcement.
NIIT Limited has disclosed that it received a Goods & Services Tax demand order from the Deputy Commissioner of State Tax in Maharashtra for an aggregate amount of Rs 1.81 crore relating to the 2021-22 financial year, arising primarily from a disallowance of GST credit due to differences between returns filed in GSTR-3B and GSTR-2A. The company has stated that it considers the demand not maintainable, is evaluating all legal and procedural options including an appeal, and does not expect any material impact on its financial position, operations, or other activities as a result of this order.
More about NIIT Limited
NIIT Limited is an India-based learning and talent development company that provides training and education solutions, including corporate training, skills development, and digital learning services, primarily targeting enterprises and individual learners in domestic and global markets.
Average Trading Volume: 45,794
Technical Sentiment Signal: Hold
Current Market Cap: 13.07B INR
For an in-depth examination of NIITLTD stock, go to TipRanks’ Overview page.