South Korean automaker’s Indian arm, Hyundai Motor India Limited, received two goods and service tax (GST) notices from the Government of Tamil Nadu and the Government of Maharashtra, amounting to nearly 16 crore, according to an exchange filing on Friday, February 28.
The Deputy Commissioner of the Maharashtra State Tax Department has demanded a GST amount of ₹2.51 crore along with a penalty charge of ₹35.15 lakh and an applicable interest for the late payment. This will amount to approximately ₹2.76 crore.
For the second tax notice, The Additional Commissioner of the Central GST Department of Tamil Nadu has demanded a GST amount of ₹13.46 crore along with a penalty charge of ₹1.34 crore and the applicable interest for the late GST payment. This will amount to approximately ₹14.8 crore, according to the BSE filing.
The automaker also said that there will be no impact of the GST orders on the firm’s financial, operational or other activities.
Read more at: Livemint
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