ESCORTS KUBOTA LIMITED Escorts Kubota Limited informed that Deputy Commissioner, Begumpet, Telangana GST Department has, on account of the reconciliation of input tax credit with GSTR 2A and eligibility of input tax credit, confirmed the tax demand and INR 20,000 as a penalty. Name of the authority: Deputy Commissioner, Begumpet, Telangana, GST Department. Nature and details of the action(s) taken, initiated or order(s) passed: An order has been passed on account of the reconciliation of input tax credit with GSTR 2A and eligibility of input tax credit.
Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 26, 2024. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Tax demand of INR 186,628 on account of the reconciliation of input tax credit with GSTR 2A and eligibility of input tax credit confirmed by the Deputy commissioner, Begumpet, Telangana, and INR 20,000 as a penalty Further, an interest at 18% on INR 0.187 million is not quantified in the order. Name of the Opposing Party: Deputy Commissioner, Begumpet, Telangana, GST Department.
Court/Tribunal/Agency, where litigation is filed: Deputy Commissioner, Begumpet, Telangana, GST Department.
