Quick Summary
In a recent development, Maruti Suzuki India announced on Wednesday that the Gujarat Goods and Services Tax (GST) authority has upheld a tax demand of Rs 173.9 crore, coupled with a penalty of Rs 17.4 crore, against its subsidiary, Suzuki Motor Gujarat Pvt Ltd. The subsidiary company is set to challenge this order by moving to the first appellate authority. The adjudication order, dated December 21, 2023, was issued by the Gujarat GST authority, affirming the demand and penalty related to tax
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FAQ :
The Gujarat GST authority has upheld a tax demand of Rs 173.9 crore and a penalty of Rs 17.4 crore against Suzuki Motor Gujarat.
The tax demand is related to tax liability under the reverse charge basis on certain services.
The specified period for this tax liability spans from July 2017 to August 2022.
Yes, Suzuki Motor Gujarat had already cleared the tax amount of Rs 173.9 crore before the issuance of the show-cause notice.
Suzuki Motor Gujarat intends to challenge the order by moving to the first appellate authority.
Maruti Suzuki India has stated that the order is not anticipated to have a significant impact on its financial, operational, or other activities.
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