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The Phoenix Mills: While MCRPL received notice of Rs 97.63 lakh (including interest and penalty), PHLL received notice of Rs 6.15 crore. The notices have been served over the GST liability on account of claiming of Block ITC as per section 17(5) of MGST Act.
Phoenix Mills stock slipped 2.59% to Rs 1802.55 against the previous close of Rs 1850.50 in early deals on BSE. Market cap of the firm fell to Rs 32,284 crore.