💨 Abstract

Adani Wilmar, an edible oils company, has been penalized Rs 42 lakh by Uttar Pradesh's GST department and issued a tax demand. The penalty is related to transitional credit availed in form TRAN-1 under Uttar Pradesh GST Act, 2017. The company is planning to appeal against the penalty before the appropriate authority.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖