Mohit Industries has informed that the Company has received Rs 8.5 crores as VAT refund, in reference to case for Gujarat Vat demand before Gujarat Value Added Tax Tribunal that has been decided in the Company’s favour vide Gujarat value Added Tax Tribunal order dated 13/08/2015. The Hon’ble Gujarat High Court vide its order dated 09/01/2017 ordered and directed to the VAT Department, Gujarat State for refund / pay input tax credit due to the company.
The above information is a part of company’s filings submitted to BSE.
