Uno Minda gets tax demand order of about Rs 1.14 crore from Pune VAT authorities
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Uno Minda received a Review order from the Joint Commissioner of State Tax, Pune VAT, for non-submission or short submission of declaration forms under the CST Act 1956 for FY 2015-16, 2016-17 and 2017-18. The net demand is about Rs 1.14 crore, which includes tax of Rs 27.96 lakh, equal penalty of Rs 27.96 lakh and interest of Rs 59.55 lakh, minus Rs 1.74 lakh already paid. The company plans to contest the order and states there is no material impact on its financials or operations.
Small tax demand of about Rs 1.14 crore. Company will contest. No material impact on financials or operations expected.