Maruti Suzuki India Limited Receive Order Passed by Customs, Excise and Service Tax Appellate Tribunal, Chandigarh
April 17, 2024 at 03:27 am EDT
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Maruti Suzuki India Limited has received an order passed by Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh. Receipt of order passed by Customs, Excise and Service Tax Appellate Tribunal (CESTAT),
Chandigarh. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 16th April,2024. The company has received an order dated 1 6t April 2024 from CESTAT, Chandigarh wherein appeals filed by company for period l8 April 2006 to 31 March 2010 in matter of service tax liability under reverse charge basis on certain services have been partially allowed. Consequently, against the
original total demand of INR 115 million, the revised total demand stands at INR 25 million. Even on revised total demand of INR 25 million, the company will be filing appeal against the order before the Supreme Court. As per the company's view, the order will have no major impact on the financial, operation or other activities of the Company.
Maruti Suzuki India Ltd is one of the Indian leaders in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): personal, commercial and multi-segment vehicles especially commercialized under the brands Maruti 800, Ritz, A star, Swift, DZire, SX4 and Grand Vitara. In 2021/22, the group sold 1,652,653 units including 1,414,277 in India;
- production and sale of diesel engines, components and spare parts (11.3%);
- other (5.1%).
At the end of March 2022, Maruti Suzuki India had 2 production plants in India.
India accounts for 85.9% of net sales.
MARUTI SUZUKI INDIA LTD 
