Britannia Industries receives GST demand order of ₹1.35 Lakhs
Britannia Industries Limited has received an order from the Office of the Superintendent, Range -1, Mundra Division, C GST Kutch Gandhidham. The order, uploaded on the GST Portal and received by the c...
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Why is Britannia Industries Limited in the news today?
Britannia Industries Limited (BRITANNIA) is in the news due to the company received a gst demand order, but it has stated that there is no material impact on its financials and operations, and it plans to appeal the order. this indicates a neutral sentiment as the financial implications are minimal and recourse is available.
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Britannia Industries receives GST demand order of ₹1.35 Lakhs
December 31, 2025, 10:04 AM
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Britannia Industries Limited has received an order from the Office of the Superintendent, Range -1, Mundra Division, C GST Kutch Gandhidham. The order, uploaded on the GST Portal and received by the company on December 30, 2025, is related to the alleged availment of excess Input Tax Credit under Section 73 of the Central Goods and Services Tax Act, 2017.
The total demand quantified in the order amounts to ₹1,22,729 for tax and ₹12,273 for penalty, aggregating to ₹1,35,002.
The company stated that there is no material impact on its financials, operations, or other activities due to this order. Britannia Industries Limited intends to take necessary actions, including exercising available legal remedies, as the order is appealable.
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