LG Electronics India Limited (LGEINDIA)
Intimation about Show Cause Notice issued by Joint Commissioner of GST
Show Cause Notice received from Joint Commissioner of GST for FY21-22 demanding Rs 116.72 Cr (Tax Rs 58.36 Cr + Penalty Rs 58.36 Cr) alleging excess Input Tax Credit claim. Company states no financial or operational impact as claim is within GST provisions. Penalty demanded Rs 58.36 Cr. Company to file reply within one month with evidence denying excess claim.
Source: Original filing PDF
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🚨 LGEINDIA — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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