Hyundai Motor India on Saturday said it has received a tax demand notice of ₹15 crore from GST authorities.
The automaker on February 28 received an order from the Additional Commissioner, Central GST Department, Tamil Nadu, for the period FY 2020-21 and FY 2021-22, wherein a tax demand has been raised under Section 73 of the Central Goods and Service Tax Act, 2017, and the Tamil Nadu Goods and Services Tax Act, 2017, the company said.
The demand is for an amount of ₹13.46 crore along with a penalty of ₹1.34 crore and applicable interest, Hyundai Motor India said in a regulatory filing.
"The company will be filing appeals before appellate authorities within the prescribed timelines. There is no impact on finance, operation or other activities of the company due to this order," it added.