Aurobindo Pharma Ltd confronts Rs 13 crore tax demand, ordered by Deputy Commissioner (ST) STU-1. The demand includes ITC reversal, GST payment with interest, and penalty. The company plans appeal with no financial impact reported.
Zomato faces Rs 11.82 crore tax demand and penalty order by the Additional Commissioner, Central Goods and Services Tax, Gurugram, related to GST on export services to subsidiaries outside India.
More than nine million pensioners face an income tax bill over the next 12 months. For many, the tax demand will come out of the blue and they may not have money to pay it.
Hero MotoCorp on Thursday said the Income Tax Department has issued a notice for a total ₹605 crore including interest for six assessment years (FY14 to FY18 & FY20).