SME Times News Bureau | 10 Jun, 2015
Cement manufacturer Chettinad Cement does not have any sales tax dues and is paying all its taxes on time, said its managing director M.A.M.R. Muthiah on Tuesday.
M.A.M.Ramaswamy, the former chairman and director of the company, on Tuesday alleged that Chettinad Cement owes the government a huge sum as sales tax dues.
"The government has told the company to pay up a minimum of around Rs.252 crore before negotiations can take place," Ramaswamy told the media while disowning his adopted son Muthiah.
Asked for clarifications, Muthiah told reporters: "The company does not owe any sales tax dues to the government. The company pays its dues every month."
"Ramaswamy is an outsider to the company. He is not associated with the company in any capacity now. One should not take an outsider's charges seriously and ask for clarifications," he said.
Ramaswamy was ousted as a director of Chettinad Cements last year.
