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M&M gets INR 14.3 lakh penalty notice for incorrect input tax credit claim by erstwhile arm

one year ago Auto economictimes
Mahindra & Mahindra has been fined over INR 14.3 lakh (USD 20k) for taking incorrect input tax credit during the transition to the GST regime by Mahindra Vehicle Manufacturers, which has since been merged into it. The company is hopeful of a favourable outcome at an appellate level, as it does not expect the order to have any significant financial impact, M&M said in a regulatory filing. Read more at: economictimes

Tags : M&M penalty mvml mahindra vehicle manufacturers ltd gst incorrect input tax M&M mahindra & mahindra ltd itc mahindra ltd

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