ALFA Filings
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Rane Holdings' subsidiary RSSL received a GST show cause notice regarding ineligible ITC claims. The expected financial implication is Rs. 10.07 Crore, including a Rs. 0.92 Crore penalty.
Rane Holdings announced a change in litigation status for its subsidiary, Rane Steering Systems, regarding a TNGST Act appeal. The authority has partially modified the earlier GST order.
Rane Holdings' subsidiary received a tax order under the TNGST Act. The total financial implication is ₹7.46 Crore, including a penalty of ₹0.38 Crore.
Rane Holdings reported that its subsidiary received a GST show-cause notice for ₹11.88 Crore, including a ₹1.07 Crore penalty, regarding FY 2022-23 tax discrepancies.
Rane Holdings subsidiary, RSSL, obtained a stay order from the Madras High Court against an Income Tax Department assessment. The court set aside the prior order and remitted the case back for fresh adjudication. Previously, a penalty of ₹3.63 Crore had been levied under the Income Tax Act.
Rane Holdings Limited's subsidiary, RSSL, received a customs order confirming a ₹2.69 Crore differential duty and ₹0.20 Crore in interest/penalties (total ₹2.89 Crore) for the period May 2023 to January 2025. The company intends to contest the order before appropriate authorities.