Bajaj Auto Receives Over ₹3.5 Crore Tax Demand from Assam Authorities
Bajaj Auto Limited received a demand notice for tax, interest, and penalty totaling over ₹3.5 crore from the Assam tax authorities.
Key Details of the Demand
- Total Amount: The demand notice seeks ₹3,56,86,173 (over ₹3.56 crore).
- Issuing Authority: The Deputy Commissioner of State Tax, Audit Division, Guwahati (Assam).
- Nature of Demand: The demand is related to alleged issues under the Goods and Services Tax (GST) Act.
- Company’s Stance & Next Steps: Bajaj Auto stated that it plans to file an appeal against the order before the appropriate Appellate Authority.
- Financial Impact: The company has assessed that the demand will not have any material financial impact on its operations or performance.
Source :- Economic Times