Airtel: Bharti Airtel group company Telesonic Networks has been fined today. In fact, Telesonic Networks, a Bharti Airtel group company, has been fined for alleged irregularities in claiming input tax credit.
Bharti Airtel said in a stock exchange filing that the office of the Assistant Commercial Tax Commissioner (Audit) in Bengaluru has passed an order under the Central Goods and Services Tax Act against a subsidiary of the company. A fine of Rs 2,19,873 has been imposed in this.
For your information, let us tell you that as per the information so far, this penalty has been imposed on the company’s subsidiary Telesonic Networks for alleged irregularities in the input tax credit claimed during the financial year 2018-19. The company received this order on March 30.
Regarding this, the company said, “The maximum financial impact is to the extent of the fine imposed.” The company does not agree with the order and will take appropriate action against it.” With language input.
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