The Joint Commissioner of GST, Faridabad, Haryana, has passed an order against Escorts Kubota Limited under the Goods and Services Tax Act, confirming a penalty along with applicable interest due to delayed payment of IGST liability under the reverse charge mechanism, according to the exchange filing.
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The order conforms a penalty of Rs. 22,95,128, along with applicable interest on the account.
The Company intends to file an appeal against the order.
Source: ET Legal World.com
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