Urban Company Gets INR 56 Cr GST Demand, Penalty Notice

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SUMMARY

GST officials took the view that the startup’s services such as appliance repair and painting also came under Section 9(5) of the CGST Act, and would have to be taxed accordingly

Urban Company, which plans to appeal the order, also claimed that the demand notice would have no impact on the financial or operational activities of the company.

Besides this, the company is also facing at least three other demand notices totalling INR 51.3 Cr from GST departments of Haryana, Maharashtra and Tamil Nadu

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Urban Company Gets INR 56 Cr GST Demand, Penalty Notice


SUMMARY

GST officials took the view that the startup’s services such as appliance repair and painting also came under Section 9(5) of the CGST Act, and would have to be taxed accordingly

Urban Company, which plans to appeal the order, also claimed that the demand notice would have no impact on the financial or operational activities of the company.

Besides this, the company is also facing at least three other demand notices totalling INR 51.3 Cr from GST departments of Haryana, Maharashtra and Tamil Nadu

Hyperlocal…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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