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Tata Technologies Limited ( (IN:TATATECH) ) just unveiled an announcement.
Tata Technologies Limited has announced that it received an order from the Office of The Assistant Commissioner of Central Tax, demanding a tax payment of INR 20,09,199 plus interest and penalty under the Central Goods and Services Tax Act, 2017. The order alleges the rejection of input tax credit due to non-compliance with section 16(2) of the CGST Act. The company is planning to appeal the decision, asserting that the input tax credit was correctly availed according to GST provisions. Despite the order, Tata Technologies stated that there is no material impact on its financials, operations, or other activities, indicating a stable position amidst the legal proceedings.
More about Tata Technologies Limited
Tata Technologies Limited operates in the technology and engineering services industry, offering a range of services including product lifecycle management, engineering, and IT solutions. The company focuses on delivering innovative solutions to clients across various sectors, enhancing their product development and operational efficiency.
Average Trading Volume: 77,144
Technical Sentiment Signal: Sell
Current Market Cap: 288.5B INR
For an in-depth examination of TATATECH stock, go to TipRanks’ Overview page.