- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Gandhar Oil Refinery (India) Limited has received an order from the Additional Commissioner, Central GST & Central Excise, Surat, demanding a tax payable of approximately ₹5.05 crore for the financial year 2017-18, relating to discrepancies in Input Tax Credit availed. The company intends to file an appropriate appeal against this order within the required deadlines. This situation could create short-term uncertainties with financial implications, as the potential penalties and interest on the demanded tax may impact cash flows. Investors should watch closely as the resolution progresses, considering the possible risks to the company's financial stability.