Mahindra & Mahindra Limited has received an order from the Office of the Joint Commissioner, Begumpet Division, Telangana imposing a penalty u/s 73 of the Central Goods and Services Tax Act, 2017 amounting to INR 18,17,844 in relation to the assessment conducted for the Financial Year 2018-19, on the contention that there are certain reconciliation issues in the amounts pertaining to GST on outward supplies and Input Tax Credit reported in GSTR-09 (Annual Return) vis-a-vis GSTR-3B & GSTR-1 (monthly GST returns). Nature and details of the action(s) taken initiated, or order(s) passed; The Company has received an order from the Office of the Joint Commissioner, Begumpet Division, Telangana imposing a penalty u/s 73 of the Central Goods and Services Tax Act, 2017 amounting to INR 18,17,844 in relation to the assessment conducted for the Financial Year 2018-19, on the contention that there are certain reconciliation issues in the amounts pertaining to GST on outward supplies and Input Tax Credit reported in GSTR-09 (Annual Return) vis-a-vis GSTR-3B & GSTR-1 (monthly GST returns). Based on the Company's assessment, an appeal will be filed, and the Company is hopeful of a favorable outcome at the appellate level and does not reasonably expect the said Order to have any material financial impact on the Company.