Maruti Suzuki: The GST authorities have given a present trigger discover to distinguished automaker Maruti Suzuki, requesting that it pay Rs 139.3 crore in tax, plus curiosity and penalties. In a regulatory submitting, the enterprise said that the discover pertains to the problem of tax legal responsibility primarily based on reverse fees on sure companies for the interval of July 2017 to August 2022. The enterprise declared that it will reply to the show-cause discover.
Maruti Suzuki’s Reply
Maruti Suzuki asserted that it had been granted a beneficial ruling by the Punjab and Haryana High Court, which dismissed the Central Excise Department’s attraction of the sooner case involving the fee of Rs. 57.2 crore for the interval from June 2006 to March 2011. The firm additionally said within the submitting that the Central Excise Department had appealed the sooner tribunal order from August 2016—which had been upheld and granted the corporate enter service credit score for a number of companies—earlier than the High Court.
In a regulatory submitting, the corporate mentioned: “Show cause notice has been issued by the GST Authority for the period of July 2017 to August 2022, proposing to demand interest and impose penalty, besides appropriating tax already paid amounting to Rs 139.3 crore in matter of tax liability under the reverse charge basis on certain services.”
With its highest-ever month-to-month gross sales quantity of 1,89,082 items in August 2023, Maruti Suzuki India introduced earlier this month that it had completed a historic milestone.
With a wide range of sub-segment fashions, 1,58,678 items have been offered domestically by Maruti Suzuki, the biggest automaker in India. 15,867,788 home items, 5,790 items offered to different OEMs, and 24,614 items exported make up the overall gross sales for the month.
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