- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Adani Enterprises has received a Demand Order imposing a penalty of ₹39.64 crore from the Additional Commissioner of Central Goods and Services Tax, Ahmedabad, due to an alleged non-payment of GST on a corporate guarantee provided to lenders for loans extended to its subsidiaries. However, the company anticipates no material impact on its finances or operations, citing that the case is not sustainable under the CGST Act. Adani is currently filing an appeal against this order. This development may create a neutral sentiment among investors as the company continues to address the challenge without expected financial repercussions.