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Gillanders Arbuthnot and Company Limited has received a demand order from the West Bengal GST Department for ₹3.07 Cr in taxes, along with approximately ₹1.19 Cr in interest and a penalty of ₹0.31 Cr related to the 2019-2020 assessment period. The company deems the order appealable and plans to contest it, believing it has sufficient grounds to support its position. Although this situation may raise concerns, the company asserts that there is no material impact on its financials or operations, suggesting a neutral sentiment for investors with potential for a positive outlook if the appeal is successful.
All announcements from Gillanders Arbuthnot & Company Limited