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Amber Enterprises Faces GST Penalty, Plans Appeal

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Amber Enterprises Faces GST Penalty, Plans Appeal

An update from Amber Enterprises India Ltd. ( (IN:AMBER) ) is now available.

Amber Enterprises India Limited, a company listed on the BSE and NSE, has received a Show Cause Notice from the GST Department of Uttarakhand due to a mismatch in entries of E-Way Bill and Bill of Entry, resulting in a penalty of Rs. 21,58,012. The company plans to deposit the penalty under protest to release the detained goods and intends to appeal for a refund, indicating a proactive approach to resolving the issue while maintaining operational continuity.

More about Amber Enterprises India Ltd.

YTD Price Performance: -15.89%

Average Trading Volume: 21,612

Current Market Cap: 208.2B INR

For an in-depth examination of AMBER stock, go to TipRanks’ Stock Analysis page.

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