Bharti Airtel has stated that it doesn’t agree with an order it acquired beneath the Central Items and Companies Tax Act for levy of Rs 24.94 lakh penalty. The telecom main stated that it’ll take appropriate motion for rectification or reversal. The violation pertains to alleged irregular enter tax credit score declare from 2017-18 to 2021-22 and different associated issues. The corporate knowledgeable the bourses identical in a BSE submitting.
Submitting particulars of the orders acquired by the corporate beneath the Central Items and Companies Tax Act, Airtel stated that the order was acquired on December 24.
The order entails a levy of a penalty of Rs 24,94,316, it stated, including, “the corporate doesn’t agree with the order and can take applicable motion for rectification/reversal of the identical.”
“The utmost monetary affect is to the extent of the penalty levied,” it stated.
Submitting particulars of the orders acquired by the corporate beneath the Central Items and Companies Tax Act, Airtel stated that the order was acquired on December 24.
The order entails a levy of a penalty of Rs 24,94,316, it stated, including, “the corporate doesn’t agree with the order and can take applicable motion for rectification/reversal of the identical.”
“The utmost monetary affect is to the extent of the penalty levied,” it stated.
