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Ramco Systems Limited ( (IN:RAMCOSYS) ) has issued an announcement.
Ramco Systems Limited has received an order from the Assistant Commissioner of GST and Central Excise, Chennai, demanding Rs.11.25 million towards GST, with interest, and a penalty of Rs.1.13 million due to allegedly ineligible GST input credit claims for the fiscal year 2020-21. Despite this, the company believes the demand will not materially impact its financials or operations and plans to appeal the order, asserting a strong case on merits.
More about Ramco Systems Limited
Ramco Systems Limited is a global enterprise software company that provides cloud-based and on-premise enterprise software solutions. The company operates in various international markets, including India, Singapore, Malaysia, and the United States, among others.
YTD Price Performance: -33.08%
Average Trading Volume: 9,107
Current Market Cap: 10.78B INR
Find detailed analytics on RAMCOSYS stock on TipRanks’ Stock Analysis page.