Escorts Kubota Tax Demand: Rs 3.4 Cr from Maharashtra
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Escorts Kubota receives Rs 3.4 crore tax demand from Maharashtra tax authority regarding input tax credit eligibility. Company plans to appeal.
Photograph: Kind courtesy KubotaEscorts
New Delhi, Dec 30 (PTI) Farm and construction equipment firm Escorts Kubota Ltd on Tuesday said it has received a tax demand, along with interest and penalty, totalling over Rs 3.4 crore over an issue of eligibility of input tax credit from Maharashtra tax authorities.
The Assistant Commissioner of State Tax, Pune South, Maharashtra, passed an order confirming tax demand of Rs 1,76,29,853, along with interest of Rs 1,46,58,378 and penalty of Rs 17,62,985 on the issue of eligibility of input tax credit, Escorts Kubota Ltd said in a regulatory filing.
The order was received on December 29, 2025, it added.
The company intends to file an appeal before the appellate authority, the filing added.
The Assistant Commissioner of State Tax, Pune South, Maharashtra, passed an order confirming tax demand of Rs 1,76,29,853, along with interest of Rs 1,46,58,378 and penalty of Rs 17,62,985 on the issue of eligibility of input tax credit, Escorts Kubota Ltd said in a regulatory filing.
The order was received on December 29, 2025, it added.
The company intends to file an appeal before the appellate authority, the filing added.
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