Tax & Penalty14 Aug 2026, 06:26 pm
Escorts Kubota Faces ₹8.25 Cr Tax Demand, Plans Appeal
AI Summary
Escorts Kubota Ltd has received an order from the CGST Commissionerate, Faridabad, dropping a Service Tax Demand of ₹1.55 crore for the period 2007-08 to 2013-14. However, the order also confirms a Service Tax demand of ₹8.25 crore, along with applicable interest and a penalty of ₹8.25 crore, due to taxability issues on certain transactions. The company intends to file an appeal against the confirmed demand. The event date was August 14, 2026.
Key Highlights
- Service tax demand of ₹1.55 Cr dropped by CGST Faridabad.
- ₹8.25 Cr service tax demand and penalty confirmed by CGST.
- Company plans to appeal the confirmed tax demand.
- Tax issue pertains to taxability of certain transactions.
Price Impact
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