Samvardhana Motherson International Limited announced that its indirect wholly-owned subsidiary, Motherson Yachiyo Automobile Pvt Ltd (MYAPL), received an order. The announcement, dated December 25, 2025, pertains to a penalty imposed on MYAPL concerning Goods and Service Tax (GST) for the financial year 2021-22. MYAPL became a subsidiary on March 26, 2024.
GST Penalty Details
Motherson Yachiyo Automobile Pvt Ltd (MYAPL), an indirect wholly-owned subsidiary of Samvardhana Motherson International Limited, has received notification regarding a penalty. The penalty was imposed by The Joint Commissioner, Rajasthan.
Financial Impact and Assessment
The penalty relates to Goods and Service Tax (GST) not discharged on Indian Salary for expats for the financial year 2021-22. The amount of the penalty is Rs. 47,68,479 (Rupees Forty-Seven Lacs Sixty-Eight Thousand Four Hundred and Seventy-Nine only).
Background and Next Steps
The issue relates to a period before March 26, 2024, the date MYAPL became a subsidiary. MYAPL will assess the filing of an appeal within the statutory timeline. There is no material impact expected on the financials, operations, or other activities of either MYAPL or the Company.
Source: BSE