Ircon International Legal & Regulatory
IRCON faces a GST notice over ₹72.41 Crore of allegedly inadmissible input tax credit. The High Court directed the GST authority not to pass an order until the next hearing.
- Value
- ₹72.41 Cr
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6 announcements
IRCON faces a GST notice over ₹72.41 Crore of allegedly inadmissible input tax credit. The High Court directed the GST authority not to pass an order until the next hearing.
Ircon International Limited announced that the National Stock Exchange has granted a waiver for fines previously levied against the company for certain compliance delays.
IRCON International reported the conclusion of an arbitration process regarding a Rs.359.72 Crore claim. The company will challenge the resulting arbitration award in the Delhi High Court.
Ircon International provided an update on pending arbitration litigation with AFCON. The company intends to challenge the tribunal's award in the High Court of Delhi.
IRCON received fines of ₹9.66 lakh each from NSE and BSE (total ₹19.33 lakh) for board composition non-compliance. The company is seeking a waiver.
NSE and BSE fined IRCON ₹0.19 Crore for board composition non-compliance. The company clarified that director appointments are handled by the Ministry of Railways.