Tata Motors is facing a tax demand of around Rs 25 Crore

Tata Motors Ltd on Wednesday said it has received a tax bill of nearly Rs 25 crore, including penalty and interest, from authorities for shortfall in tax payments and overutilization of credits.

On April 30, 2024, an order was passed by the Sales Tax Officer Class II / AVTO Ward 204, Zone 11, Delhi and received by the company on May 1, 2024, confirming the demand due to short payment of tax and deductible utilization of credit under Section 73 of the CGST/SGST Act, 2017, Tata Motors Ltd said in a filing with the regulator.

The tax amount is Rs 14,25,68,173 with interest of Rs 9,14,15,704 and penalty of Rs 1,42,56,815.

“The company is reviewing the order and will exercise its right of appeal,” Tata Motors said, adding that there is no material impact on the company’s financial and operational activities due to this order.

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