CosmicTaco

BlackBuck Faces INR 14.2 Cr Tax Demands

CosmicTaco · 2025-02-26T10:20:11.080682+05:30

- Zinka Logistics Solutions, the parent company of BlackBuck, has received two significant tax notices totaling INR 14.2 Cr. - The first notice, issued on February 24, 2025, accuses the company of wrongly availing input tax credit (ITC) under GST amounting to INR 10.02 Cr. - Additionally, the Income Tax department has raised a separate demand of INR 4.18 Cr, citing issues related to short-deduction/non-remittance of TDS. - The GST notice pertains to the period from April 2020 to March 2021, highlighting discrepancies in the company's tax filings. - This development puts significant financial and operational pressure on BlackBuck as it navigates these tax challenges. Source: [Inc42](https://inc42.com/buzz/blackbuck-gets-inr-14-2-cr-tax-demands/?_gl=1*1sv9ypg*_gcl_au*MTMwODg2MjMuMTczNzY5NjMzMA..*_ga*MTE1MDE4MjYyMi4xNzM3Njk2MzMw*_ga_67F2T4M6Z5*MTc0MDU0NTI5My41LjAuMTc0MDU0NTMwMC41My4wLjA.)

Zinka Logistics Solutions, the parent company of BlackBuck, has received two significant tax notices totaling INR 14.2 Cr.
The first notice, issued on February 24, 2025, accuses the company of wrongly availing input tax credit (ITC) under GST amounting to INR 10.02 Cr.
Additionally, the Income Tax department has raised a separate demand of INR 4.18 Cr, citing issues related to short-deduction/non-remittance of TDS.
The GST notice pertains to the period from April 2020 to March 2021, highlighting discrepancies in the company's tax filings.
This development puts significant financial and operational pressure on BlackBuck as it navigates these tax challenges.

Source: Inc42