Hyundai Faces Rs 5 Crore Tax Demand

CosmicTaco · 2024-11-27T00:40:49.572792+05:30

- Hyundai Motor India Ltd received a show cause notice from Maharashtra State Tax Authority for over Rs 5 crore in alleged excess ITC claims. - The notice includes Rs 2.741 crore in tax and Rs 2.279 crore in interest; HMIL plans to respond within prescribed timelines. - Despite the notice, HMIL assures stakeholders that financial and operational activities remain unaffected. Source: [Abp News](https://news.abplive.com/business/hyundai-motor-india-faces-tax-demand-of-over-rs-5-crore-from-maharashtra-authorities-1733946), [Zee News](https://zeenews.india.com/auto/hyundai-motor-india-gets-rs-5-crore-demand-from-maharashtra-tax-authority-2824877.html)

Hyundai Motor India Ltd received a show cause notice from Maharashtra State Tax Authority for over Rs 5 crore in alleged excess ITC claims.
The notice includes Rs 2.741 crore in tax and Rs 2.279 crore in interest; HMIL plans to respond within prescribed timelines.
Despite the notice, HMIL assures stakeholders that financial and operational activities remain unaffected.

Source: Abp News, Zee News