Maruti Suzuki faces early market dip despite positive GST department ruling

Shares of Maruti Suzuki experienced a dip in early trading on December 8, despite the company securing a favorable order from the GST department.

As of 2:57 PM, Maruti Suzuki India was quoted at ₹10,608.80, reflecting a 0.81 percent decline on the NSE.


The company reported, “Maruti Suzuki has received a favorable order dated December 6, 2023, from the Gujarat GST Department, nullifying the demand of Rs 17.87 million (Rs 1.78 crore) outlined in a preceding show-cause notice dated September 29, 2023.” The demand, pertaining to the period from July 2017 to March 2018, arose from the reconciliation of tax returns filed by the company.