Gulf Oil Lubricants India Limited Announces the Demand, Under Goods and Service Tax Regulations, Receives from Office of Deputy Commissioner (ST)-IV, Large Tax Payers Unit, Chennai
April 26, 2024 at 04:45 pm IST
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Gulf Oil Lubricants India Limited informed regarding the demand, under Goods and Service Tax Regulations, received from the authority: Office of Deputy Commissioner (ST)-IV, Large Tax Payers Unit, Chennai. Name of the authority(s): Office of Deputy Commissioner (ST)-IV, Large Tax Payers Unit, Chennai. Nature and details of the action(s) taken, initiated or order(s) passed: The GST Department has passed an Order under Section 73 of the Goods & Service Tax Act, 2017 in the state of Tamil Nadu, for the Financial Year 2018-19 to pay INR 9,363,432 (tax along with interest and penalty).
Gulf Oil Lubricants India Limited (Gulf Oil) is an India-based company, which is engaged in the business of manufacturing, marketing, and trading of automotive and non-automotive lubricants, and synergy products. The Company operates through the lubricants segment. Its product portfolio covers automotive, industrial, battery, and marine applications. It has developed a wide range of engine oils, gear oils, greases, and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. The Companyâs product range for industrial applications includes hydraulic oils, bearing and circulating oils, industrial gear oils, metal working fluids, turbine oils, compressor oils, refrigeration oils, rust preventives, quenching oils, greases, thermic fluids, and slideway oils. These oils are used in a range of industries, such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations, and metal working.
Gulf Oil Lubricants India Limited Announces the Demand, Under Goods and Service Tax Regulations, Receives from Office of Deputy Commissioner (ST)-IV, Large Tax Payers Unit, Chennai
GULF OIL LUBRICANTS INDIA LIMITED 