GST officials carry out inspection in Mahindra & Mahindra's Chennai unit
Mahindra & Mahindra Ltd announced on Saturday that tax authorities in Tamil Nadu have initiated an inspection of records at one of its business operations locations in Chennai. The company stated in a regulatory filing that authorisation for the inspection/search proceedings under the CGST Act 2017 was issued by the Additional Commissioner (ST), Intelligence-I (FAC), Chennai-6.
The authorisation for inspection/search proceedings dated December 26, 2024, was shown to the company's officials on December 27, 2024, at around 12.15 pm, it added.
"The GST officials have inspected the records and given some observations on certain GST compliance issues and have advised the company's officials to submit the necessary documents for reconciliation," it said.
During the proceedings, the officers sought records related to transactions relating to the supply of goods or services, including payment under reverse charge and input tax credit claims by the company for a specific period.
The company officials cooperated with the GST officials and responded to all the clarifications and details sought by them, M&M said, adding that it will further be providing all the necessary additional documents sought in the due course.
