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WELENT has received a GST order from Tamil Nadu State GST Authority for FY 2018-19, totaling ₹18 crore (₹9 crore tax demand and ₹9 crore penalty). The order alleges ineligible input tax credit claims.
The company deems the demand unjustifiable and plans to appeal before the Tribunal. Welspun Enterprises states it doesn't foresee any material impact on its activities.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.
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