January 31, 2018 / 2:12 PM / 3 months ago

BRIEF-Tellza - Canada Revenue Agency Proposes To Deny HST Input Tax Credits Claimed By Co Of About $12.4 Mln​

Jan 31 (Reuters) - Tellza Inc:

* TELLZA - GOT NOTICE FROM CANADA REVENUE AGENCY THAT IT PROPOSES TO DENY HST INPUT TAX CREDITS CLAIMED BY CO IN AMOUNT OF ABOUT $12.4 MILLION​

* TELLZA INC - ‍CRA HAS ALSO ADVISED THAT IT PROPOSES TO LEVY A PENALTY AGAINST CO EQUAL TO 25% OF AMOUNT OF ITCS DENIED​

* TELLZA INC - ‍CRA ISSUED NOTICE WITH PROPOSAL TO DENY ITCS AS A RESULT OF AN HST AUDIT BY CRA FOR PERIOD FROM JAN 2015 TO OCT 2016​ Source text for Eikon: Further company coverage:

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