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Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) has issued an announcement.
Samvardhana Motherson International Limited has received a penalty order from the Joint Commissioner (ST), GST Appeals, Chennai, for non-payment of GST on guarantee commissions related to corporate guarantees for its subsidiaries. The penalty amounts to INR 38,82,240, but the company asserts that it has already discharged the GST liability under Uttar Pradesh GST registration. As a result, the company plans to appeal the order, and it states that there is no material impact on its financials or operations.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the automotive industry, providing a range of products and services including automotive components and solutions. The company focuses on delivering innovative and high-quality products to meet the demands of the global automotive market.
Average Trading Volume: 1,032,990
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1102.4B INR
For an in-depth examination of MOTHERSON stock, go to TipRanks’ Overview page.