Suzlon Energy Limited has been penalized ₹4,158 by the Office of the Commissioner of Indirect Taxes & Customs, Hyderabad, for short reversal of input tax credit under Section 74 of the CGST Act, 2017, the company informed stock exchanges on Wednesday.
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The wind energy major received the penalty order on October 22, 2024, following an audit observation by the Superintendent – SAG41, Audit-1, Hyderabad, Telangana. The company stated that the penalty amount is nominal and there is no material impact on its financial operations or other activities.
Source: The Hindu business line
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