Marine Electricals (India) Limited — Others, 23-10-2024: Action(s) taken or orders passed

Marine Electricals (India) Limited has received a GST demand order from the Joint Commissioner CGST Goa, totaling Rs. 14.88 crore for input tax credits claimed from February 2018 to March 2021. The company believes the order is erroneous and plans to appeal against it. They assert that this issue will not materially impact their financials or operations. Further details can be found in the accompanying annexure.