Dabur India receives revised GST Demand worth Rs.320.6 Crore with no Penalty

Dabur India Limited., an Indian FMCG company, has received a GST demand worth Rs.320.6 crore with applicable interest.

GST Demand worth Rs.320.6 Crore issued to Dabur

Reetu | Nov 27, 2024 |

Dabur India receives revised GST Demand worth Rs.320.6 Crore with no Penalty

Dabur India receives revised GST Demand worth Rs.320.6 Crore with no Penalty

Dabur India Ltd., an Indian FMCG company, announced on Tuesday (November 26) that it has received an order from the Additional Commissioner, CGST Commissionerate, Chandigarh, confirming a demand worth Rs.320.6 crore with applicable interest.

“The company has received an order on November 25, 2024, from Additional Commissioner, CGST Commissionerate, Chandigarh, confirming a total demand of Rs. 3,20,60,53,070 as IGST under Section 20 of the IGST Act, 2017, read with Section 74(9) of the CGST Act, 2017 and corresponding Section of the State GST Act, 2017, along with interest payable thereon…,” according to the Dabur India regulatory filing.

The demand relates to tax information obtained by the Directorate General of Goods and Services Tax Intelligence as part of an ongoing review of the company’s tax compliance.

The order, dated November 25, 2024, confirms the demand but removes the penalty originally specified in an earlier notice dated October 17, 2023. Dabur noted that it is now examining the order and considering legal options.

The company emphasized that the order has no effect on its operations or commercial activities, and the financial impact will be limited to the final tax liability and any associated interest.

“The company is examining the order and determining the next actions in the matter under applicable laws. This order has no influence on the company’s operations or other activities. The financial impact will be restricted to the extent of final tax liability as determined, plus any applicable interest,” it noted.

Shares of Dabur India Ltd were traded at Rs.525, up by Rs.3.35, or 0.64%, on the BSE.

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