GST Notices are messages issued by the GST Authorities. These are given to taxpayers primarily to warn or caution them about any defaults discovered, particularly for failing to comply with GST requirements. In other circumstances, letters might be sent out just to obtain further information from the taxpayer.
Here are the 6 stocks that received GST notices in the last 2 months.
Life Insurance Corporation of India.
LIC offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, health insurance, and annuity & pension products.
With a market capitalization of Rs 5.24 lakh crore, the shares closed at Rs 829.35 per share, decreasing around 0.56 percent as compared to the previous closing price of Rs 834.00 apiece. The company received an Income Tax demand of Rs 3,528 crore.
Shree Cement Ltd
Shree Cement manufactures and sells cement and cement-related goods, and it is one of the country’s lowest-cost producers.
With a market capitalization of Rs 96,975.85 crore, the shares closed at Rs 26,877.45 per share, decreasing around 0.05 percent as compared to the previous closing price of Rs 26,889.70 apiece. The company received an Income Tax demand of Rs 4000 crore.
Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd is one of India’s most versatile vehicle manufacturers, producing two and three-wheelers, PVs, CVs, tractors, and earthmovers.
With a market capitalization of Rs 2.01 lakh crore, the shares closed at Rs 1,622.85 per share, decreasing around 0.43 percent as compared to the previous closing price of Rs 1,629.80 apiece. The company received an Income Tax demand of Rs 4 crore.
Vodafone Idea Ltd
Vodafone Idea is a significant telecom service provider in India. The company is in the business of providing mobile and long-distance services, as well as trading phones and data cards.
With a market capitalization of Rs 77,254.67 crore, the shares closed at Rs 15.87 per share, decreasing around 1.18 percent as compared to the previous closing price of Rs 16.06 apiece. The company received an Income Tax demand of Rs 13.16 crore.
Larsen & Toubro Ltd
Larsen & Toubro Ltd is a global firm that specializes in engineering, procurement, and construction (EPC) solutions for infrastructure, hydrocarbons, power, process industries, and the military.
With a market capitalization of Rs 4.90 lakh crore, the shares closed at Rs 3,565.95 per share, increased around 1.73 percent as compared to the previous closing price of Rs 3,505.20 apiece. The company received an Income Tax demand of Rs 238.9 crore.
Tata Steel Ltd
Tata Steel operates across the whole steel production value chain, from mining and processing iron ore and coal to producing and marketing completed goods.
With a market capitalization of Rs 1.66 lakh crore, the shares closed at Rs 135.30 per share, increased around 0.30 percent as compared to the previous closing price of Rs 134.90 apiece. The company received an Income Tax demand of Rs 39.86 crore.
Written by:- Abhishek Singh
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