Hindustan Zinc on Friday said that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate on account of an “interpretational issue”.
In a regulatory filing, the company said that it has been asked to pay Rs 12.7 crore for GST and a 100 per cent penalty along with applicable interest for the period between July 2017 to March 2018.
“Considering the merits of the case, the company intends to file appeal before the Appellate Authority within time-limit prescribed under the GST Law,” it said in the filing.
“The company is hopeful of a favourable outcome thereof and does not expect the said order to have any material financial impact on the company.”
Read more at: business-standard
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