The notification, outdated September 29, refers to the duration from July 2017 till March 2018.
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The nation’s biggest carmaker, Maruti Suzuki India, today stated that it has actually gotten a notification from the Gujarat GST authority, requiring Rs 1.79 crore, on account of the reconciliation of income tax return submitted by the business.
The program cause notification (SCN), outdated September 29, refers to the duration from July 2017 to March 2018.
Maruti will submit a reply to the notification prior to the adjudicating authority.
“SCN, outdated September 29, 2023, has actually been provided by Gujarat GST department for the duration July 2017 to March 2018, on account of reconciliation of income tax return submitted by the business,” Maruti stated in a regulative filing.
“The overall need quantity pointed out in the SCN is Rs 17.87 million (Rs 1.79 crore),” it included.
Maruti stated that there is no effect on its monetary, operation or other activities due to SCN.
On October 3, the business notified exchanges that it got a draft evaluation order from the Income Tax department for FY20 in which specific additions or disallowances totaling up to Rs 2,159.70 crore with regard to returned earnings (the earnings divulged by the business in its tax return) have actually been proposed.
Maruti will submit its objections to the draft evaluation order prior to the Dispute Resolution Panel.
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