Latest News | Airtel to Seek Reversal of Rs 24.9 Lakh Penalty Order Received Under CGST Act
Get latest articles and stories on Latest News at LatestLY. Bharti Airtel on Tuesday said it does not agree with an order it received under the Central Goods and Services Tax Act for levy of Rs 24.94 lakh penalty, and will take suitable action for rectification or reversal.
New Delhi, Dec 26 (PTI) Bharti Airtel on Tuesday said it does not agree with an order it received under the Central Goods and Services Tax Act for levy of Rs 24.94 lakh penalty, and will take suitable action for rectification or reversal.
The violation pertains to alleged irregular input tax credit claim from 2017-18 to 2021-22 and other related matters, Airtel said in a BSE filing.
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Submitting details of the orders received by the company under the Central Goods and Services Tax Act, Airtel said the order was received on December 24.
The order entails a levy of a penalty of Rs 24,94,316, it said, adding, "the company does not agree with the order and will take appropriate action for rectification/reversal of the same."
"The maximum financial impact is to the extent of the penalty levied," it said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)