Notice of Assessment of Rs. 3.27 Crore Received Under Haryana Entry Tax Act for AY 2008-09 to 2014-15
The company has received a Notice of Assessment from the Excise & Taxation Officer, Gurugram, under the Haryana Tax on Entry of Goods into Local Areas Act, 2008.
By ScoutQuest · · 1 min read
- Total Tax Assessment
- Rs. 3.27 Crore
- Assessment Years Covered
- 2008-09 to 2014-15
- Regulatory Authority
- Excise & Taxation Officer, Gurugram
- Assessment Year 2014-15
- Rs. 0.63 Crore
- Assessment Year 2008-09
- Rs. 0.33 Crore
What happened
Munjal Showa has received a Notice of Assessment from the Excise & Taxation Officer-cum-Assessing Authority, Ward-02, Gurugram (North), Haryana, issued under the Haryana Tax on Entry of Goods into Local Areas Act, 2008.
Amount involved
The proposed tax assessments aggregate Rs. 3.27 Crore, spread across Assessment Years 2008-09 to 2014-15:
- AY 2008-09: Rs. 0.33 Crore
- AY 2009-10: Rs. 0.37 Crore
- AY 2010-11: Rs. 0.41 Crore
- AY 2011-12: Rs. 0.46 Crore
- AY 2012-13: Rs. 0.51 Crore
- AY 2013-14: Rs. 0.56 Crore
- AY 2014-15: Rs. 0.63 Crore
Company's stand
Based on its own assessment, the company believes the proposed tax assessments are not maintainable and is evaluating the legal remedies available to it. It does not anticipate any material impact on its financial position, operations or other activities as a result of these notices.
How to read this
An entry tax assessment notice is a demand raised by a state tax authority for tax on goods brought into a local area. At this stage it is a proposed assessment that the company intends to contest, so the eventual outcome will depend on the legal process.
More numbers
- Total proposed tax assessmentRs. 3.27 Crore
- AY 2008-09 assessmentRs. 0.33 Crore
- AY 2009-10 assessmentRs. 0.37 Crore
- AY 2010-11 assessmentRs. 0.41 Crore
- AY 2011-12 assessmentRs. 0.46 Crore
- AY 2012-13 assessmentRs. 0.51 Crore
- AY 2013-14 assessmentRs. 0.56 Crore
- AY 2014-15 assessmentRs. 0.63 Crore
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