- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Office of the Assistant Commissioner of State Tax in Ankleshwar, Gujarat, has issued a demand order against Precision Wires India Limited, totaling Rs 37.464 Cr. This includes Rs 9.884 Cr in tax, Rs 7.580 Cr in interest, and a penalty of Rs 20.000 Cr due to disallowance of Input Tax Credit (ITC) in a GST return under the CGST Act, 2017. The company has promptly settled this demand. While this situation may impact cash flow temporarily, the overall financial position remains stable given that the company has addressed the payment. Investors should watch closely, as this event is not expected to significantly disrupt ongoing operations or future prospects.