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DIC India Receives GST Show Cause Notice, Claims No Material Impact

Story Highlights
  • DIC India Limited received a GST show cause notice for alleged non-payment and excess ITC claims.
  • The company asserts clerical errors in the notice and foresees no material impact on operations.
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DIC India Receives GST Show Cause Notice, Claims No Material Impact

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DIC India Limited ( (IN:DICIND) ) just unveiled an update.

DIC India Limited has received a show cause notice from the Assistant Commissioner under the Karnataka Goods and Service Tax Act 2017, concerning an alleged non-payment of GST and excess claim of ineligible ITC, amounting to ₹3,83,47,078 plus interest. The company believes there are clerical errors in the notice and asserts that it will not materially impact its financial or operational activities.

More about DIC India Limited

DIC India Limited operates in the printing ink industry, providing a range of printing inks and related products. The company focuses on delivering high-quality solutions to meet the diverse needs of the printing and packaging sectors.

Average Trading Volume: 938

Technical Sentiment Signal: Hold

Current Market Cap: 4.82B INR

See more insights into DICIND stock on TipRanks’ Stock Analysis page.

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