Cholamandalam Investment and Finance Company Limited — Others, 13-05-2025: Action(s) taken or orders passed

Cholamandalam Investment and Finance Company has announced a GST assessment order for FY 2017-2022, alleging short payment of tax on repossessed vehicle sales and excess input tax credit claims. The penalty imposed is Rs. 22.44 lakh, with interest of Rs. 9.91 lakh. The company intends to challenge the order before the Appellate Authority. This matter involves a limited financial impact and does not affect the company’s operations or overall business activities.