Grasim Industries Limited announced that the Hon'ble Deputy Commissioner of Commercial Taxes, Hubli, Karnataka, has passed an adjudication order dated 28th March 2024 (received by on 5th April 2024) under section 73 of Karnataka Central Goods and Services Tax Act, 2017 for denial of input tax credit. Name of the Authority: Hon'ble Deputy Commissioner of Commercial Taxes, Hubli, Karnataka. Nature and details of the actions taken, initiated or orders passed: Denial of partial Input Tax Credit of INR 2,103,063 and consequential levy of Interest of INR 1,892,753 and Penalty of INR 227,380, aggregating to INR 4,223,196 by passing order under section 73 of Karnataka Central Goods and Services Tax Act, 2017.
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- Grasim Industries Limited Announces the Hon'ble Deputy Commissioner of Commercial Taxes, Hubli, Karnataka, Has Passed an Adjudication Order