Legal17 Feb 2025, 11:01 pm
Route Mobile Ltd Receives Order from Office of Commissioner CGST, Mumbai-West for Rs.54.12 Crores
AI Summary
Route Mobile Ltd has received Order in Original (2 Nos) under section 74 and 50 of CGST Act 2017 read with section 20 of IGST Act 2017 from Office of Commissioner CGST, Mumbai-West for the period July 2017 to March 2018 and FY 2018-19 with a combined demand amounting to Rs.54.12 Crores. The Company will be filing an appeal against the said Orders within the stipulated time with Appellate Authority. Based on opinion sought and the Company’s assessment and prevailing law, the Company reasonably expects a favourable outcome and there will be no material impact of the same on financial, operations or other activities of the Company.
Key Highlights
- Route Mobile Ltd received Order in Original (2 Nos) under section 74 and 50 of CGST Act 2017 read with section 20 of IGST Act 2017 from Office of Commissioner CGST, Mumbai-West.
- The combined demand amounting to Rs.54.12 Crores is for the period July 2017 to March 2018 and FY 2018-19.
- The Company will be filing an appeal against the said Orders within the stipulated time with Appellate Authority.
- Based on opinion sought and the Company’s assessment and prevailing law, the Company reasonably expects a favourable outcome.
- There will be no material impact of the Order on financial, operations or other activities of the Company.