Tax Demand Significantly Reduced by CGST Authority
Travel Food Services Limited · TRAVELFOOD · NSE ·
The company received a Rectification Order from the CGST authority, which has substantially reduced a previous tax demand. The total demand (tax + penalty) has been lowered from ₹40.20 Crore to ₹14.40 Crore. Despite the reduction, the company believes it has a strong case and int…