Siemens Ltd has filed a writ petition before the Bombay High court challenging Show Cause Notice (SCN) issued by the GST authority, the company said in a regulatory filing on Monday.
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The German engineering and technology conglomerate’s Indian arm has challenged the receipt of the show cause notice proposing to levy GST on leasehold interest in the land located in Worli, Mumbai and freehold interest in the buildings on the property.
The company estimates financial implications due to compensation, penalty etc. at Rs. 246.95 crore.
The company said it is legally advised that it has a robust case to present in response to the notice.
Read more at: Livemint
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