Announced Thu, 23 Jul · 18:57 IST
Delta Manufacturing receives GST demand of about Rs 5.94 lakh from MIDC
Regulatory & Legal View source PDF
DELTAMAGNT · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹57.90
prior close
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base price
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AI summary
Maharashtra Industrial Development Corporation (MIDC) has demanded Rupees 5,94,081.56 from Delta Manufacturing for GST and interest for the period July 2017 to September 2022. MIDC had paid GST on services provided to the company but did not collect it at that time. The company is examining the demand and will submit its reply within prescribed timelines based on consultant advice.
Likely market impact
Minor financial impact of about Rs 5.94 lakh. Company is reviewing the demand and will respond. Not material to operations.