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 chall
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
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.
CAclubindia
