tiprankstipranks
Trending News
More News >

Quess Corp Faces CGST Penalty, Plans to Contest

Story Highlights
Quess Corp Faces CGST Penalty, Plans to Contest

Confident Investing Starts Here:

An update from Quess Corp. Ltd. ( (IN:QUESS) ) is now available.

Quess Corp Limited has announced that it received orders from the Office of the Commissioner of CGST & Central Excise concerning alleged violations related to the issuance of invoices without the underlying supply of goods or services. The company has been penalized Rs. 16.45 crores for these allegations, which pertain to financial years 2017-18 to 2022-23. Despite these claims, Quess Corp asserts that the penalty is not maintainable and plans to contest the order while maintaining that there is no impact on its financial or operational activities.

More about Quess Corp. Ltd.

YTD Price Performance: -7.58%

Average Trading Volume: 26,534

Current Market Cap: 92.42B INR

See more data about QUESS stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1