In its regulatory filings, the company has revealed that it has received a show cause notice ( SCN ) for the financial year spanning April 2019 to March 2020, citing discrepancies in tax return reconciliations.
The Rajasthan GST department has pointed out a discrepancy amounting to INR 3.1 lakh. The company is preparing to address the SCN appropriately.
In addition to the previous disclosure, Maruti Suzuki India also reported a noteworthy development in its legal matters.
The company received a highly favorable decision from the High Court of Punjab and Haryana. This legal ruling relates to a series of appeals that were initiated by the Central Excise Department.
These appeals covered a time frame spanning from June 2006 to March 2011. The brief of the matter was that the Central Excise Department had challenged a prior decision made by a tribunal back in August 2016. This tribunal decision had been in favour of Maruti Suzuki India. It had allowed the company to claim input service credit for specific services and, importantly, had dropped the penalty that had been imposed on the company.
Read More: Maruti Suzuki India Receives Notice from GST Authority on Demand of Interest and Penalty on Tax Paid
The significance of this favorable ruling lies in the fact that it upheld the tribunal’s decision, essentially endorsing the company’s position on the matter. As a result, the appeals filed by the Central Excise Department were dismissed by the High Court.
Moreover, Maruti Suzuki received a notice on March 14, 2024, from the Commissioner of Customs at Nhava Sheva. This notice addresses alleged violations in the classification of imported goods and requests a payment of INR 27.87 lakh to settle the tax discrepancies, fines, and penalties. Read Also: Relief to Maruti Suzuki : CESTAT Quashes Excise Duty Demand on Manufacture of Motor Vehicles, Spares and Components on ground of Limitation [Read Order]
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