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Updater Services Limited Challenges Tax Order to Protect Financial Standing

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Updater Services Limited Challenges Tax Order to Protect Financial Standing

The latest update is out from Updater Services Limited ( (IN:UDS) ).

Updater Services Limited has been served with an order from the Deputy Commissioner in Chennai, amounting to Rs. 6,52,27,852/- under the CGST Act, 2017, citing interest on unbilled revenue and tax liability from disallowed credit notes for the financial year 2020-21. The company believes the order lacks merit and is pursuing legal avenues to challenge it, anticipating no significant financial impact.

More about Updater Services Limited

Updater Services Limited operates in the business services industry, providing a range of services aimed at enhancing operational efficiencies for its clients. The company focuses on redefining business services across various sectors.

YTD Price Performance: -14.77%

Average Trading Volume: 26,315

Current Market Cap: 21.34B INR

For detailed information about UDS stock, go to TipRanks’ Stock Analysis page.

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