Jubilant Ingrevia to Appeal Against GST Order

Jubilant Ingrevia Ltd. ( (IN:JUBLINGREA) ) has issued an update.

Jubilant Ingrevia Limited has announced that it received an order under Section-73 of the CGST Act, 2017 from the Joint Commissioner in Pune, Maharashtra. The order pertains to the alleged wrong availment and utilization of Input Tax Credit for the financial year 2020-21, resulting in a tax demand of Rs. 6,02,73,399 along with a 10% penalty. The company plans to appeal against the order, asserting that it has a strong case to defend itself, and states that the financial impact is not material.

More about Jubilant Ingrevia Ltd.

YTD Price Performance: -17.32%

Average Trading Volume: 30,481

Current Market Cap: 108.6B INR

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