Britannia receives GST order for ₹48.6 lakh demand
Britannia Industries Limited has received an order from the Office of the Assistant Commissioner GST & Central Excise, Bhubaneshwar -II division. The order, received on December 30, 2025, pertains to ...
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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 demand order from gst authorities, which is a negative event. however, the company has stated that there is no material impact and it plans to appeal the order, mitigating the immediate negative sentiment.
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Britannia receives GST order for ₹48.6 lakh demand
December 31, 2025, 04:20 PM
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More Details on This News
Britannia Industries Limited has received an order from the Office of the Assistant Commissioner GST & Central Excise, Bhubaneshwar -II division. The order, received on December 30, 2025, pertains to the alleged incorrect availment of Input Tax Credit for FY 2019-20.
The demand includes a tax component of ₹24,29,956 and a penalty of ₹24,29,956, totaling ₹48,59,912.
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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