Bombay HC quashes Rs 2,237-cr GST demand raised against L&T
Larsen & Toubro said on August 20 that the Bombay High Court has quashed a Rs 2,237-crore GST demand raised against the company.
"The Company had on August 14, 2023 filed a Writ Petition in the Bombay High Court against the show cause notice issued by the Principal Commissioner of GST and Service Tax, Mumbai towards Service tax demand of Rs 2,237 crore, on an erstwhile subsidiary, in respect of Tax already paid by the Company with respect to certain transactions undertaken post demerger," L&T said in an exchange filing.
Following this, the company received the High Court's order on August 19, allowing the Writ petition filed by the Company and has quashed and set aside the show cause notice issued by the GST authorities, the filing added.
In 2018, the Director General of GST Investigation, Mumbai had issued one show cause notice on October 18, 2018 against L&T Finance Ltd, alleging that additional interest, penal interest and default interest charged between 2013-14 to 2016-17 to customers is liable to service tax and goods and services tax (GST).
