MoneyWorks4Me

In continuation to its letter dated 27th December 2023 reporting levy of penalty of Rs 1,36,05,479 upon the Company by Rajasthan GST Department on the ground that the Company has claimed excess Input Tax Credit (ITC) of GST during the FY 2017-18. Suzlon Energy has informed that on the representation by the Company, the Rajasthan GST Department has rectified its order and reduced the penalty by Rs 1,27,16,541 to Rs 8,88,938. 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Waaree Energies 2627.50
Apar Industries 17496.15
Havells India 1114.80
Suzlon Energy 44.16
Siemens 3960.90
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