Comments
Hindustan Zinc Limited (HZL) has received an order from the Commissioner of Central Excise & CGST Commissionerate imposing a penalty of ₹26,12,05,495, along with tax demands and interest.
The shares of Hindustan Zinc Limited were trading at ₹511.40 down by ₹1.20 or 0.23%on the NSE today at 11 am.
The order, dated August 16, 2024, concerns the Input Tax Credit claimed by HZL in GSTR-3B and GSTR-9 filings during fiscal years 2019-20 and 2020-21.
The company was notified of the order on August 20. HZL plans to appeal the decision within the prescribed time limit under GST law, expressing confidence in a favorable outcome. The zinc producer does not anticipate a material financial impact from this order.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.