Mahindra Logistics Receives Rs 25.48 Lakh GST Penalty Order from Haridwar Authorities
Mahindra Logistics Limited received a GST penalty order of Rs 25,48,124.86 from Deputy Commissioner, GST, Haridwar for alleged excess Input Tax Credit claims in FY 2021-2022. Total financial implications include tax demand, interest, and penalty totaling over Rs 75 lakh, which will be treated as contingent liabilities. The company expects favourable outcome on appeal and anticipates no material impact on operations.
