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Airtel Arm Penalised For Alleged Irregularity In Claiming Input Tax Credit: Filing
According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19"
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 "Airtel Arm Penalised For Alleged Irregularity In Claiming Input Tax Credit: Filing")
File Photo New Delhi: Bharti Airtel Group firm Telesonic Networks has been penalised for alleged irregularity in claiming input tax credit, according to a regulatory filing.
Bharti Airtel informed stock exchanges that the office of the Assistant Commissioner of Commercial Taxes (Audit) in Bengaluru has passed an order under the Central Goods and Services Tax Act against a subsidiary of the company, levying a penalty of Rs 2,19,873. (Also Read: Planning To Take A Home Loan? From Property Chain To LOD, Factors You Should Keep In Mind)
According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19" on the company's subsidiary Telesonic Networks. The company received the order on March 30. (Also Read: Viral Trend On X: What Is ‘Click Here’ Feature; BJP And AAP Join Bandwagon)
"The maximum financial impact is to the extent of the penalty levied. The company does not agree with the order and will take appropriate action(s) for the same," the filing noted.
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