Maruti Suzuki India gets revised ₹2.5 crore tax demand

economictimes.indiatimes.com:

Maruti Suzuki on Wednesday announced that it has received a ₹2.5 crore tax demand from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh.

The carmaker said that it would be contesting the demand in the country's apex court.
«Even on revised total demand of Rs. 25 million, the company will be filing appeal against the order before the Supreme Court. As per the company's view, the order will have no major impact on the financial, operation or other activities of the Company,» Maruti Suzuki said in an exchange filing.

According to the exchange filing, the tax demand is for a four-year period between April 15, 2006 and March 31, 2010, with the original demand of ₹11.5 crore being revised to ₹2.5 crore.
«The company has received an order dated 16th April 2024 from CESTAT, Chandigarh wherein appeals filed by company for period l5th April 2006 to 31st March 2010 in matter of service tax liability under reverse charge basis on certain services have been partially allowed. Consequently, against the original total demand of Rs. 115 million, the revised total demand stands at Rs. 25 million,» the filing said.