ColbertAled - China Automobile Expert-CNAUTO

Group photo of agency representatives NEW DELHI: Tyre maker CEATT Ltd on Wednesday said it has received excise duty claims and penalties totaling Rs 191 million from Maharashtra and Baroda tax authorities. The Additional Commissioner of Central Excise, CGST, Baroda, in his regulatory statement for the first time issued an order levying Rs 32.7 13.68 crore interest Rs 1 crore penalty after notifying the reasons (SCN) against CEATT Ltd for delay in reflecting input tax credit issue. The document states that this was due to TRAN-1 caused by a technical problem with the return. In another case, the Deputy Commissioner of State Revenue, Maharashtra issued an order for levy of interest of Rs. 2.2 lakhs along with interest of Rs. 2.6 lakhs and penalty of Rs. 2 lakhs after the failure of SCN initially issued for the withdrawal of the project. The tax paid by the vendor is abated. “Due to TRAN-1 for technical issues in the return, the reflection of input tax credit in the credi...

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Tyre

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Material

Const machinery & Agro equipment

CEAT gets GST demand, penalties of over Rs 19 cr