ASK Automotive Faces ₹1.07 Cr Tax Demand Order

ASK Automotive Ltd has received an order from the Deputy State Tax Officer II, Hosur, demanding ₹1.07 Crore. This includes GST, interest, and penalty, stemming from an appeal disallowed by the Deputy Commissioner (Appeals) against a prior order. The company believes the tax demand is not legally maintainable and plans to appeal to a higher authority. ASK Automotive assesses that this situation will not materially impact its financials, operations, or other activities.