Hindalco Industries Limited has received orders-in-original levying total taxes and penalty of ₹ 52,66,58,508 from the Office of the Commissioner of Central Goods and Services Tax, Rourkela, Odisha, according to an exchange filing.
The Department has raised the demand for GST payable under reverse charge on water charges paid to the State Government.
The company received the order on December 24, 2024. However, a physical copy is yet to be received from the authority.
The Company prefers filing an appeal against the matter and has strong cases on merit and law.
The Disclosure before the exchange was made under Regulation 30(6) read with para 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
