Obviously, 10%/20% is relative to a business. Some businesses have few things which need to be ignored. So won’t comment about the safe limit as a blanket statement. But once you go through the AR for the company via screener. You should be able to figure out the nuances of the business and tax/GST demands. Cited few directly from the AR 2024. Hopefully this helps. IMO, i think its all safe wrt contingent liabilities
- MSEB electricity duty provision taken for
176 Lakhs (31 March 2023 :175 Lakhs). The same has been reduced from contingent liability
