Hindustan Zinc receives GST notice worth Rs 12.7 cr. company to file appeal Hindustan Zinc said that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate on account of an "interpretational issue".

In a regulatory filing, the company said that it has been asked to pay Rs 12.7 crore for GST and a 100 per cent penalty along with applicable interest for the period between July 2017 to March 2018.

In response, the company said that it does not expect the order to have any material financial impact and it will file an appeal against the order.

"Considering the merits of the case, the company intends to file appeal before the Appellate Authority within time-limit prescribed under the GST Law," it said in the filing.

"The company is hopeful of a favourable outcome thereof and does not expect the said order to have any material financial impact on the company.

"The board of Hindustan Zinc is scheduled to meet on January 19 to approve and announce the financial results for the October-December quarter and for the nine months ended December 31, 2023.