UNO Minda Faces ₹1.13 Cr Tax Demand for FY16-18

UNO Minda Ltd has received a review order from the Joint Commissioner of State Tax, Pune VAT, demanding a net amount of ₹1,13,72,385. This demand pertains to the non-submission or short submission of declaration forms under the CST Act, 1956, for the financial years 2015-16, 2016-17, and 2017-18. The demand includes tax, penalty, and interest, less an amount already paid. The company has stated its intention to contest the order on merits and does not foresee any material impact on its financial or operational activities.