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KAKATIYA CEMENT SUGAR & INDUSTRIES LIMITED

on June 25, 2019

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Understanding IDBI Bank’s Rs 2.97 Crore GST Demand Order Introduction: In recent developments, IDBI Bank has found itself in the spotlight with a GST demand order totaling Rs 2.97 crore, inclusive of interest and penalty charges. The order, issued by the Dehradoon state tax department, revolves around the alleged excess availment of input tax credit (ITC) during the fiscal year 2018-19. This regulatory filing has sparked discussions within the financial community, prompting a closer examination of the situation. Let’s delve deeper into the details to grasp the implications and understand what led to this development. The Background: IDBI Bank, a prominent private sector bank, has been served with a GST demand order concerning its ITC utilization. The order, pertaining to the financial year 2018-19, originates from the Dehradoon state tax department, signaling a need for scrutiny and clarification. The Allegations: At the heart of the matter lies the accusation of excess availment...

InterGlobe Aviation Limited

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Raj Television Network Limited

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