Brief: Pidilite Industries Says Assistant Commissioner Of Central Tax, Pune Imposed Penalty Of 264,844 Rupees Under Applicable Provisions Of CGST Act, 2017

Pidilite Industries

08/09/2023 09:46

Sept 8 (Reuters) - Pidilite Industries Ltd  PIDI.NS :
    * ASSISTANT COMMISSIONER OF CENTRAL TAX, PUNE IMPOSED
PENALTY OF
264,844 RUPEES UNDER APPLICABLE PROVISIONS OF CGST ACT, 2017
    * ORDER PASSED WITH REGARDS TO DISALLOWANCE OF INPUT TAX
CREDIT IN
MAHARASHTRA FOR M/S. CIPY POLYURETHANES
    * GST DEPARTMENT HAS DISALLOWED CO’S CLAIM ON INPUT CREDIT
CLAIMED
AND RELATED  MATTERS
    * DEMAND RELATES TO YEAR 2017-18, WHICH WAS BEFORE CIPY
BECAME A
SUBSIDIARY OF CO
    * NO MATERIAL IMPACT ON FINANCIALS, OPERATIONS OR OTHER
ACTIVITIES
OF CO

Source text for Eikon:  ID:nBSE8Ds7qC 
Further company coverage:  PIDI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))