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The latest update is out from UCAL Limited ( (IN:UCAL) ).
UCAL Limited has received a show cause notice from the Deputy Excise and Taxation Commissioner in Haryana regarding alleged excess Input Tax Credit (ITC) claims and non-discharge of GST liability on non-operating income for the year 2021-22. The company is required to address these allegations, which involve a tax payment of Rs. 51,94,260, including interest and penalties. However, UCAL Limited asserts that the notice lacks merit and plans to respond with detailed justifications, indicating no material impact on its financial or operational activities.
More about UCAL Limited
UCAL Limited, formerly known as UCAL Fuel Systems Limited, operates in the automotive industry. The company specializes in manufacturing fuel systems and components, focusing on providing innovative solutions for the automotive sector.
Average Trading Volume: 3,303
Technical Sentiment Signal: Sell
Current Market Cap: 3.04B INR
Find detailed analytics on UCAL stock on TipRanks’ Stock Analysis page.