menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Castrol Wi...
source image

Bloomberg Quint

1d

read

72

img
dot

Image Credit: Bloomberg Quint

Castrol Wins Rs 4,131-Crore Dispute Against Maharashtra Sales Tax Department

  • Castrol India Ltd won a Rs 4,131-crore dispute against the Maharashtra Sales Tax Department as per the favourable order from the tribunal.
  • The dispute was regarding the movement of goods from state facilities to other states, alleged as inter-state sales by the tax department.
  • Castrol contended the claims, stating compliance with legal norms, and had already received favourable orders from the MVAT Tribunal for all 10 disputed years.
  • The company confirmed no financial impact as they had not provisioned for the disputed amount in their books; shares fell marginally post the business update.

Read Full Article

like

4 Likes

For uninterrupted reading, download the app