Tax & Penalty29 Jun 2026, 07:00 pm
Maruti Suzuki Receives GST Adjudication Orders Totaling ₹68.9 Million
AI Summary
Maruti Suzuki India Ltd has received three Adjudication Orders from the West Bengal GST Authority concerning the period April 2020 to March 2023. The orders confirm a tax demand of ₹34.45 million and a penalty of ₹34.45 million, along with applicable interest, related to the availment of GST credit. A smaller tax demand of ₹0.05 million was dropped. The company stated that there is no major impact on its financial or operational activities. Maruti Suzuki plans to file an appeal against these orders to the first appellate authority.
Key Highlights
- Received GST adjudication orders confirming ₹34.45M tax demand and ₹34.45M penalty.
- Orders relate to availment of GST credit for April 2020 - March 2023 period.
- Company plans to appeal the orders to the first appellate authority.
- No major financial or operational impact expected from the orders.
Price Impact
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