Maruti Suzuki’s Rs 139 Crore GST Demand Upheld by Haryana Appeals Authority

Maruti Suzuki India (MSI) faced a setback as the Haryana GST appeals authority upheld a tax demand of ₹139.3 crore. This demand covers the period from July 2017 to August 2022 and is linked to liabilities under the reverse charge mechanism for certain services. The company had already paid this amount before the show-cause notice issued in September 2023.

Key Points:

Demand Upheld: The tax authority confirmed the ₹139.3 crore demand.

Appeal Planned: MSI intends to challenge the order in the Tribunal.

No Major Impact: MSI stated that the decision would not significantly impact its financials or operations.

Stock Update: Maruti shares saw a slight uptick, closing at ₹11,963.15 on the BSE, a 0.35% increase.

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