Britannia receives GST demand order of ₹12.99 Lakhs; impact deemed immaterial
Britannia Industries Limited has received an order from the Office of the Assistant Commissioner, Ward 205, Zone 11, Delhi, pertaining to an amount ascertained as payable under Section 73 of the Centr...
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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, which is a negative development. however, the company has stated that the impact is immaterial and they plan to appeal, which mitigates the immediate negative sentiment.
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Britannia receives GST demand order of ₹12.99 Lakhs; impact deemed immaterial
December 31, 2025, 12:57 PM
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More Details on This News
Britannia Industries Limited has received an order from the Office of the Assistant Commissioner, Ward 205, Zone 11, Delhi, pertaining to an amount ascertained as payable under Section 73 of the Central Goods and Services Tax Act, 2017.
The order, uploaded on the GST Portal and received by the company on December 30, 2025, alleges incorrect availment of Input Tax Credit. The tax, interest, and penalty quantified in the order amount to ₹6,96,667, ₹5,32,950, and ₹69,667 respectively, totaling a demand of ₹12,99,284.
Britannia Industries has 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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