Hi All, Quick question:
Securitrans India Pvt. Ltd., a wholly owned subsidiary of CMS Info Systems Limited received GST Tax order confirming original demand of Service tax pertaining to the period of October 2016 to March 2017 and April to June 2017 and imposing penalty.
Since it mentions original order for a dated period, i don’t think this should lead to any impairment now or in future. Obviously the firm will contest but even if it looses, still there should not be any impairments; the amount (19.33Cr) would have already been set asides in the books, right?
Subscribe To Our Free Newsletter |