Maruti Suzuki stock slides down; receives favourable order from GST authority

Madhu Balaji Updated - December 08, 2023 at 11:55 AM.

Gujarat GST Department drops the ₹17.8 million demand on Maruti Suzuki

Maruti Suzuki India stock was down by 0.78 per cent on the NSE and traded at ₹10,623 as of 11:32 am on Friday.

The company had received an order from Gujarat GST Authority. It disclosed in its regulatory filing about the favourable order dated December 6, 2023, from Gujarat GST Department dropping the demand of ₹17.87 million mentioned in the earlier Show Cause Notice dated September 29, 2023.

The company had reported that its production volume of passenger vehicles and light commercial vehicles during November 2023 stood at 146,763 units as against 152,786 units in the same period last year.

Published on December 8, 2023 06:25

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