SML Isuzu Limited has informed the Exchange about Action(s) taken or orders passed
SMLMAH · price
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Awaiting price reaction for this filing.
SML Isuzu received an appeal order dated 5 May 2025 from the Additional Commissioner of State Tax (Appeals), Behala Circle, Kolkata. The order dropped earlier proceedings against a small demand of Rs. 0.09 lakh in CGST and Rs. 0.09 lakh in SGST, along with Rs. 0.16 lakh in interest and Rs. 0.20 lakh in penalty, that had been raised via DRC-07 on 30 January 2024. The total amount in question was only about Rs. 53,000 in original tax demand. The matter pertained to the April 2018 to March 2019 period. The outcome is a positive relief for the company as the demands, interest, and penalty have all been set aside in appeal.
This is a favorable ruling for SML Isuzu with no material financial impact, as the amounts involved are negligible. Shareholders should view this as closure of a minor tax dispute with no bearing on the company's operations or earnings.