Tata Chemicals Limited has received an Order from the Office of the Asst Commissioner (ST), Chennai, Tamil Nadu levying a penalty of INR 3,033,904 under the Central Goods & Service Tax Act (CGST Act) /Tamil Nadu Goods & Service Tax Act (TNGST Act) & Rules framed thereunder. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to appeal against these orders before the appellant authorities and reasonably expects favourable orders from the appellant authorities. Details of the violation(s)/contravention(s) committed or alleged to be committed: Reporting (i) an adjustment in turnover in annual return and (ii) deemed supply under schedule 1 and not maintaining state wise Trial Balance for Tamil Nadu.
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