Ethos Limited: GST appeal dismissed, penalty of about Rs 2.16 crore upheld
ETHOSLTD · price
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The Commissioner (Appeals-III), CGST and Central Excise, Mumbai dismissed Ethos Limited's GST appeals and upheld penalties of Rs 2,15,78,391 under Section 122(1)(ii) of the CGST Act, 2017. The company plans to file a further appeal before the competent authority and believes it has adequate grounds to contest. No material impact on operations is expected.
Penalty of Rs 2.16 crore upheld; company plans further appeal. No material operational impact expected.