Britannia Industries receives GST order for ₹3.43 Crore demand
Britannia Industries Limited has received an order from the Office of the Deputy Commissioner of State Tax, Mumbai Audit Zone III. The order, received via email on Thursday, December 18th, 2025, at 3...
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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 an order with a financial demand, but it has stated that there is no material impact and it plans to appeal the order.
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Britannia Industries receives GST order for ₹3.43 Crore demand
December 19, 2025, 10:04 AM
Britannia Industries Limited has received an order from the Office of the Deputy Commissioner of State Tax, Mumbai Audit Zone III.
The order, received via email on Thursday, December 18th, 2025, at 3:59 PM IST, pertains to the intimation of an amount ascertained as payable under Section 73 of the Central Goods and Services Tax Act, 2017.
The order alleges incorrect availment of Input Tax Credit and incorrect classification, among other violations. The total demand includes tax, interest, and penalty amounting to ₹1,83,65,891, ₹1,40,58,737, and ₹19,04,541 respectively, aggregating to a total demand of ₹3,43,29,169.
Britannia Industries stated that there is no material impact on the company's financials, operations, or other activities due to this order. The company intends to take necessary actions, including exercising available legal remedies as the order is appealable.
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