A Haryana GST Appeals Authority has upheld a tax demand of Rs 139.3 crore in opposition to Maruti Suzuki India Ltd., which operates two crops within the state.
“The Commissioner (Appeals) has handed an order for the interval of July 2017 to August 2022, upholding the demand of Rs 1,393 million, in a matter of tax legal responsibility below reverse cost foundation on sure companies,” India’s largest carmaker stated in a regulatory submitting on Wednesday.
Maruti Suzuki claimed to have paid the tax quantity earlier than the issuance of present trigger discover dated Sept. 28, 2023. Now, it’ll file an attraction in opposition to the appellate order earlier than the tribunal.
The order could have no main affect on the monetary, operational or different actions of the corporate, the submitting added.
On Wednesday, Maruti Suzuki’s shares rose 0.35% to Rs 11,963.15 apiece on the BSE even because the benchmark Sensex ended the day 0.17% decrease at 80,081.98 factors.