Updates

Nila Infrastructures Limited announced that its appeal concerning the disallowance of Input Tax Credit has been set aside by the Central GST, Appeal Commissioner – Ahmedabad. This order establishes a total tax liability of INR 2.03 Crore. The company intends to challenge this appellate order before relevant higher authorities after taking expert consultation. Nila Infrastructures believes this order has no material impact on its financial, operational, or other activities, with the impact limited to the final tax liability along with any interest and penalty.