Hyundai Motor India gets Rs 517.34 cr tax, penalty demand from GST authority
Hyundai Motor India has received a demand of Rs 517.34 crore from tax authorities, including a penalty, for allegedly underpaying GST compensation cess on specific SUV models between September 2017 and March 2020. The company disputes the demand, citing favorable clarifications from the CBIC, and plans to pursue legal remedies.
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