India’s Mahanagar Gas Gets Tax Claim for 543.3M Rupees

City gas distribution company Mahanagar Gas Ltd. received a notice for 543.3 million rupees ($6.3 million) goods and services tax for the period from July 2017 to March 2022, it said in a filing Sunday.

• Co. says GST department also seeking penalty equivalent to 100% of the tax amount
• Co. to appeal against the order at the appellate level, does not “reasonably expect” any material financial impact
• READ: India City-Gas Firms Rise on Report of Plan to Boost Supply

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Abhishek Shanker in Bengaluru ...