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SML ISUZU LIMITED has disclosed that it received an order from the Central Goods and Service Tax Division in Phagwara, Punjab, confirming a demand of ₹1.71 crores IGST, along with ₹0.02 crores each for CGST and SGST, and a penalty of ₹1.75 crores related to misclassification of motor vehicle spare parts for the period from July 2017 to December 2022. The company plans to appeal this order. This development may heighten investor concerns due to the significant financial implications, potentially impacting SML ISUZU's cash flow and operational efficiency if not resolved favorably. A cautious outlook is advisable while monitoring the appeal's outcome.