Britannia receives GST order for ₹108.5 Crore demand, no significant impact.
Britannia Industries Limited has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate, concerning the alleged incorrect availment of ...
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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 significant tax demand and penalty, which is a negative development. however, britannia has stated that there is no significant impact and intends to appeal, indicating a neutral stance on the immediate financial implications.
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Britannia receives GST order for ₹108.5 Crore demand, no significant impact.
January 1, 2026, 03:33 PM
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More Details on This News
Britannia Industries Limited has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate, concerning the alleged incorrect availment of Input Tax Credit.
The order, received on December 31st, 2025, pertains to six financial years from FY 2018-19 till FY 2023-24. The tax demanded amounts to ₹108,50,24,763, along with an equivalent penalty and applicable interest.
Britannia stated that there is no significant 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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