Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Updater Services Limited ( (IN:UDS) ) has provided an update.
Updater Services Limited has disclosed that it received an order from the Office of the Deputy Commissioner, Chennai, under Section 73 of the CGST Act, 2017, demanding Rs 11,06,850, primarily on account of disallowed input tax credit linked to return defaulters and non-payers. The company contends that the order was issued without due consideration of its earlier response, is exploring legal remedies including a writ or appeal before the appellate authority, and expects no material financial impact on its operations from this demand, signalling that stakeholders are unlikely to see a significant hit to earnings or cash flows from this tax dispute.
More about Updater Services Limited
Updater Services Limited, formerly Updater Services Pvt Ltd, is a Chennai-based business services provider operating under the banner of “Redefining Business Services.” The company offers integrated facility management and related support services to corporate clients across sectors, positioning itself as a key player in India’s organized business and facility services market.
Average Trading Volume: 13,477
Technical Sentiment Signal: Sell
Current Market Cap: 12.29B INR
For an in-depth examination of UDS stock, go to TipRanks’ Overview page.