Maruti Suzuki Receives ₹1,182.5 Crore Tax Demand Order for FY22
Maruti Suzuki received a Final Assessment Order for FY 2021-22 from the Income Tax Authority, with a total demand of ₹1,182.5 crore. The company plans to appeal the order. No impact on financial or operational activities is anticipated.
While the company states there is no impact, a tax demand of over ₹1,100 crore, even with an appeal planned, represents a significant financial item that could potentially affect future financial statements if the appeal is unsuccessful.
The company has received a tax demand order, which is generally negative. However, the company plans to appeal and states there is no impact on its operations or finances, balancing the sentiment.
Maruti Suzuki India Limited (MSIL) has received a Final Assessment Order for the Financial Year 2021-22 from the Income Tax Authority. This order includes a total demand, including interest, of ₹11,825 million (₹1,182.5 crore). The company had previously intimated a related matter on March 25, 2025.
MSIL has stated that it will be filing an appeal before the Income Tax Appellate Tribunal against this order. The company also clarified that this order has no impact on its financial, operational, or other activities.
What to do with a filing like this
Maruti Suzuki India Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Maruti Suzuki India Limited. Read the original for the full detail.