LG Electronics India Receives Rs 7.98 Crore GST Demand Order for FY 2019
LG Electronics India Limited received a GST demand order of Rs 7.98 crore from Joint Commissioner for FY 2019-20, comprising principal tax of Rs 2.53 crore, penalty of Rs 2.53 crore, and interest of Rs 2.92 crore. The dispute relates to input tax credit claimed on employee bus transportation facility, which tax authorities allege is ineligible under section 17(5) of GST Act. The company plans to appeal and maintains no financial or operational impact.
