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Vedanta Limited Faces Significant GST Penalty

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Vedanta Limited Faces Significant GST Penalty

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Vedanta Limited ( (IN:VEDL) ) has provided an update.

Vedanta Limited has been issued an order by the Additional Commissioner of CGST & Central Excise, Jodhpur, concerning penalties and GST demands related to an oil and gas block operation. The order imposes a penalty of INR 27.27 crore on Vedanta for issues involving input tax credit and GST on corporate guarantees. The company is currently assessing its next steps in response to the order.

More about Vedanta Limited

YTD Price Performance: -1.60%

Average Trading Volume: 480,050

Current Market Cap: 1648.8B INR

For detailed information about VEDL stock, go to TipRanks’ Stock Analysis page.

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