GST demand order for Eicher Motors reduced to Rs 27 crore on appeal

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The story "GST demand order for Eicher Motors reduced to Rs 27 crore on appeal" was covered 11 hours ago by Business Standard, a news publisher based in India.

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GST demand order for Eicher Motors reduced to Rs 27 crore on appeal - Business Standard

Quick Summary:

The company had received the original demand from the Additional Commissioner, Chennai North Commissionerate, Chennai, Tamil Nadu on December 30, 2023 for aggregate amount of Rs 129.79 crore, including tax demand of Rs 117.99 crore and penalty of Rs 11.79 crore.

"As a result of the appeal filed by the company against the above GST demand order, the demand order is now revised from Rs 129.79 crore to an aggregate amount of Rs 26.97 crore, which include tax demand of Rs 24.52 crore and penalty of Rs 2.45 crore," Eicher Motors said in a regulatory filing.

Eicher Motors on Friday said a GST demand order by tax authority in Tamil Nadu has been reduced to Rs 26.97 crore from an original sum of Rs 129.79 crore upon appeal.