ASK Automotive Limited Receives Tax Order for Rs. 1.07 Crore
ASK Automotive Limited has received an order from the Deputy State Tax Officer II, Hosur South 1 Assessment Circle, involving a tax demand of Rs. 1.07 Crore. The order was issued under section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act) and the Tamil Nadu Goods and Services Act, 2017 (TNGST Act).The action follows an appeal filed by the company against a previous order from the Deputy State Tax Officer-II. The Deputy Commissioner (Appeals), Hosur, subsequently disallowed the appeal, upholding the demand which includes GST, interest, and penalty components.
| Detail Description | Information |
|---|---|
| Issuing Authority | Deputy State Tax Officer II, Hosur South 1 Assessment Circle |
| Order Receipt Date | July 15, 2026 |
| Applicable Acts | CGST Act, 2017 and TNGST Act, 2017 |
| Total Demand Amount | Rs. 1.07 Crore (including GST, interest, and Penalty) |
The company has stated that it considers the tax demand to be not maintainable in law. As a result, ASK Automotive Limited intends to take appropriate measures, including filing an appeal with a higher authority.
Management of the company has indicated that there is no material impact on the financials, operations, or other activities of the entity following this development.
ASKAUTOLTD Stock Price Movement
ASK Automotive Limited shares rallied 2.61% today to settle at ₹485.20. The stock traded with a volume of 894,350 shares as it climbed from its session low of ₹475.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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