- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Joint Commissioner, CGST and Central Excise, Bhopal has levied penalties totaling Rs. 173.25 Cr on Larsen & Toubro Limited concerning tax assessments for the years 2017-18 through 2021-22. The company contests the tax demands, citing mismatches between its financial statements and GST returns, which it believes are unjustified, including issues around claimed Input Tax credits. L&T plans to appeal the order, expressing confidence in a favorable resolution at the appellate level. Following the company’s assessment, it does not expect any material impact on its financials or operations from this ruling. Shareholders should watch closely for developments on this legal matter, as its outcome could influence the company's fiscal standing.