V.S.T. Tillers Tractors received a final GST assessment order for FY 2017-20, reducing the demand to ₹37.3 lakhs from an initial ₹6,736.73 lakhs.
The order was passed by the Assistant Commissioner (GST), Tamil Nadu, under Section 73 of the GST Act.
The company states that apart from the payment of ₹37.30 lakhs, there is no other financial or operational impact.