Mukesh Ambani-led Reliance Industries receives Rs 57 cr GST penalty notice

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Reliance Industries faces a Rs 57 crore penalty from CGST Ahmedabad. The company allegedly paid less tax on imported vessel hiring services. This occurred between July 2017 and January 2018. Reliance Industries plans to appeal the Goods and Services Tax order. The penalty is the only financial impact. Company operations remain unaffected.