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WAAREE Energies Limited ( (IN:WAAREEENER) ) just unveiled an announcement.
Waaree Energies Limited has disclosed that the Assistant Commissioner of State Tax, Investigation-A, Mumbai, has issued an assessment order under the CGST, MGST and IGST Acts for the period April 2018 to March 2019, raising a demand of INR 5.83 crore related to alleged ineligible input tax credit and non-cross-charging of common ITC. The company has stated that the order will not impact its financials, operations or other activities and plans to challenge the assessment by filing an appeal before the appropriate authority within the prescribed timelines, signalling its intent to contest the tax demand while seeking to reassure stakeholders about business continuity.
More about WAAREE Energies Limited
Waaree Energies Limited is an India-based company operating in the solar energy sector, engaged in the manufacture and supply of solar photovoltaic products and related solutions for domestic and international markets, with its registered office in Mumbai.
Average Trading Volume: 86,673
Technical Sentiment Signal: Buy
Current Market Cap: 870.4B INR
For an in-depth examination of WAAREEENER stock, go to TipRanks’ Overview page.