A penalty of €56,319 (approximately INR 57,69,656) was imposed on Motherson Sequencing and Assembly Services Global Group GmbH, an indirect subsidiary of Samvardhana Motherson International, by Finanzamt Karlsruhe for delayed payment of VAT and payroll taxes. The taxes were due on October 10, 2025.
Penalty for Delayed Tax Payment
Finanzamt Karlsruhe has penalized Motherson Sequencing and Assembly Services Global Group GmbH, an indirect, wholly-owned subsidiary of Samvardhana Motherson International, for the late payment of Value Added Tax (VAT) and payroll taxes.
Financial Impact
The penalty amounts to €56,319, which is approximately equivalent to INR 57,69,656. The delay was in relation to VAT and payroll taxes for the month of September 2025.
Due Date and Notification
The taxes were originally due on October 10, 2025, and the penalty direction was received on October 30, 2025. The submission of this disclosure was delayed as the information was under review.
Operational Impact
The company stated that this penalty will not have a material impact on its financials, operations, or other activities of Motherson Sequencing and Assembly Services Global Group GmbH.
Source: BSE