BSE •
Tenneco Clean Air India received a Show Cause Notice from Maharashtra GST authorities for FY 2022-23 alleging excess input tax credit availment of ₹285,488,700, along with interest of ₹224,429,799 and a penalty of ₹57,117,740.
The company stated the notice is at a preliminary stage and does not constitute a confirmed demand. It plans to contest the allegations and does not presently envisage any material impact on its financials.