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Legal▼ Bearish for Eureka Forbes
Eureka Forbes receives ₹273 crore GST show-cause notice from Uttar Pradesh tax authority
The brief
- Eureka Forbes received a ₹273 crore GST show-cause notice from Uttar Pradesh
- Shares ended at ₹361.90, down 2.33% on the BSE
- The tax dispute weighs on Eureka Forbes, exposing its shareholders to potential liability
- GST Council to simplify processes, cut penalties
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- GST Council’s October 7 meeting to focus on process reforms; no broad rate changes expected
- Buzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST notice
- GST Council to review proposed levy on UPI merchant fees above ₹2,000