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Tata Motors Gets Tax Demand of Nearly Rs 25 Crore – Prime Time News24


Tata Motors says it’s reviewing the order and can train the proper to file enchantment. (File photograph)

Tata Motors Tax Demand: The tax quantity is Rs 14,25,68,173 with curiosity of Rs 9,14,15,704 and penalty of Rs 1,42,56,815

Tata Motors Ltd on Wednesday stated it has acquired a tax demand of practically Rs 25 crore, together with penalty and curiosity, from authorities on account of quick fee of tax and extra availment of credit score.

An order was handed on April 30, 2024, by the Gross sales Tax Officer Class II / AVTO Ward 204, Zone 11, Delhi and it was acquired on Might 1, 2024, by the corporate confirming demand on account of quick fee of tax and extra availment of credit score underneath part 73 of the CGST/ SGST Act, 2017, Tata Motors Ltd stated in a regulatory submitting.

The tax quantity is Rs 14,25,68,173 with curiosity of Rs 9,14,15,704 and penalty of Rs 1,42,56,815.

“Firm is reviewing the order and can train the proper to file enchantment,” Tata Motors stated, including that there is no such thing as a materials affect on monetary and operational actions of the corporate on account of this order.

(This story has not been edited by Prime Time News24 employees and is printed from a syndicated information company feed – PTI)

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