APL Apollo Tubes faces INR 29.58 lakh GST demand
APL Apollo Tubes (BSE: APLAPOLLO) announced it has received an order from the Deputy Commissioner of State Tax, Circle-14, Indore, Madhya Pradesh, for a Goods and Services Tax (GST) demand totaling ₹29,57,898. This amount includes tax, penalty, and interest related to an intimation of demand for FY 2020-21. The company believes the demand is based on excess ITC utilisation and is not sustainable and will appeal to the Appellate Authority. APL Apollo Tubes said there will be no material impact on the financials, operations or other activities of the Company. The date of direction or order was February 20, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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