Hyundai India faces Rs 5 crore tax demand over alleged tax discrepancies

The tax authority has alleged that Hyundai claimed “excess ITC in GSTR 3B/9, which is not confirmed in GSTR 2B/8A of GSTR 9, along with RCM tax paid by the company.” The total demand outlined includes ₹2.741 crore towards tax and an additional ₹2.279 crore as interest.

Related posts

India plans to crank up Tejas production to stem IAF’s depletion in fighters

Delhi assembly polls: Freebies not enough to sway middle class?

Delhi assembly polls: UP’s Milkipur sees 65% turnout in bypoll, Tamil Nadu’s Erode records 64%