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Suzlon Energy Limited Faces GST Penalty

Mumbai, July 24, 2024: Suzlon Energy Limited has announced that the GST Department has proposed a penalty on the company. This information is being shared with the National Stock Exchange of India Limited and BSE Limited, as well as the public.

Details of the GST Penalty

Name of the Authority: Superintendent of Central GST Gujarat, Audit Circle 3

Nature and Details of Action Taken:

  • Imposition of penalty: ₹2,84,595/-

Date of Receipt of Direction or Order:

  • July 23, 2024

Details of Violations/Contraventions:

  • Audit observation as per the provisions of GST Act, 2017 (Audit Period April 2022 to March 2023)
  • Delayed availment/availment of ineligible input credit

Impact on Financial, Operational, or Other Activities:

  • No material impact on the financial, operational, or other activities of the company

This announcement is made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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