Britannia Industries Receives GST Demand Order of ₹63.9 Lakhs
Britannia Industries Limited has received an order from the Office of the Deputy Commissioner of Commercial Taxes, Large Taxpayers Unit-1, Bengaluru, detailing an amount payable under Section 73 of th...
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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 has received a tax demand order, which is a negative development. however, the company has stated that there is no material impact and it plans to appeal the order, which mitigates the negativity.
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Britannia Industries Receives GST Demand Order of ₹63.9 Lakhs
December 30, 2025, 06:17 AM
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Britannia Industries Limited has received an order from the Office of the Deputy Commissioner of Commercial Taxes, Large Taxpayers Unit-1, Bengaluru, detailing an amount payable under Section 73 of the Central Goods and Services Tax Act, 2017.
The order, received on December 29, 2025, alleges the availment of ineligible Input Tax Credit. The total demand, including tax, interest, and penalty, amounts to ₹63,91,842/-. Specifically, the tax demand is ₹35,20,360/-, interest is ₹25,19,446/-, and penalty is ₹3,52,036/-
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 under the GST law, as the order is appealable.
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