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Hyundai India gets ₹517 cr tax demand
Mint Chennai
|July 23, 2025
Hyundai Motor India Ltd (HMIL) on Tuesday said it has received a demand of ₹517.34 crore from tax authorities, along with penalty, for alleged short payment of goods and services tax (GST) compensation cess on its certain SUV models.
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The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST compensation cess demand of ₹258.67 crore, along with penalty of ₹258.67 cr
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