A2Z Infra Engineering Limited — Others, 19-11-2024: Action(s) taken or orders passed

A2Z Infra Engineering Limited has received a demand notice from the Goods and Services Tax (GST) Department for an amount of INR 1.61 crore, covering the financial years 2017-18 to 2022-23. This sum includes penalties, and interest will be calculated for input tax credit claims. The company intends to challenge this demand, anticipating a favorable outcome based on current legal precedents. While the demand represents a contingent liability, management believes it will not materially impact operations or financial health. Investors may view this as a potential risk, but the company's proactive stance suggests a positive outlook.