tiprankstipranks
Trending News
More News >

VST Industries Faces Tax Demand Over Cenvat Credit Irregularities

Story Highlights
VST Industries Faces Tax Demand Over Cenvat Credit Irregularities

Confident Investing Starts Here:

VST Industries Limited ( (IN:VSTIND) ) has provided an update.

VST Industries Limited has received an Order-in-Original from the Commissioner of Central Tax, Central Excise, and Service Tax, demanding Rs. 1,54,41,785/- due to irregular availment of Cenvat credit on input services. The company is evaluating its options, including filing an appeal, and has stated that the order does not materially impact its operations or other activities.

More about VST Industries Limited

VST Industries Limited operates in the tobacco industry, primarily focusing on the manufacturing and sale of cigarettes and other tobacco products. The company is based in Hyderabad, India, and is a significant player in the Indian market.

YTD Price Performance: -19.64%

Average Trading Volume: 41,374

Current Market Cap: 45.61B INR

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

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1