Mahindra Logistics Receives GST Penalty Order of Rs 8,86,944/
Mahindra Logistics Limited received a GST penalty order of Rs 8,86,944/- from Deputy Commissioner Haridwar for alleged excess Input Tax Credit claims in FY 2019-2020. The total financial implications include tax demand, interest, and penalty totaling over Rs 28 lakh, which will be treated as contingent liabilities. The company expects a favourable outcome on appeal and does not anticipate material impact on its financial position or operations.
