Reliance Industries was fined Rs 56.44 crore by the CGST Joint Commissioner in Ahmedabad over disputed input tax credit classifications. The order claims some credits were ineligible, a stance Reliance contests, citing misinterpretation of GST rules. It plans to appeal, stating the issue won’t affect operations. Shares remain steady, indicating investor confidence in the company’s legal position.
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Reliance Industries Hit with Rs 56.44 Crore GST Penalty, Plans Legal Appeal
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