Major FMCG Giant Britannia faces Rs 6.37 Cr GST Demand Over Alleged Tax Dues:

Major FMCG Giant Britannia faces Rs 6.37 Cr GST Demand Over Alleged Tax Dues

Britannia Industries Limited, one of the popular food companies, has informed the stock exchanges that it has received a GST order from the Thane GST Department raising a demand of Rs 6.37 crore along with tax, penalty and applicable interest. The order is received from the Joint Commissioner of CGST & Central Excise, Thane, on March 2nd, 2026, and it relates to FY 2020-21 to FY 2023-24.

Also Read

High Court Quashes Rs. 133.60 Crore Personal GST Penalties on Shemaroo Executives

Background of Case As per the order received from the Joint Commissioner of CGST & Central Excise, Thane, the company wrongly classified the goods supplied. Due to this misclassification, the department alleged that the Britannia had failed to pay the tax liability. As a result, the department has passed an order under section 74 of the GST Act raising tax and penalty amounting to Rs 2,12,40,000 and Rs 4,24,80,000, respectively, along with a demand of Rs 6,37,20,000 and applicable interest. Key Detail of the order

Particular	Details
Authority issuing the order	Joint Commissioner of CGST & Central Excise, Thane 3rd & 5th Floor, Accel House, Road No. 22, Wagle Industrial Estate, Thane 400604
Section	Section 74 of the CGST Act, 2017
Period	FY 2020-21 to FY 2023-24
Tax demand	Rs 2,12,40,000
Penalty	Rs 4,24,80,000
Total demand	Rs 6,37,20,000 plus applicable interest
Date of receipt	March 2, 2026 (via email at 10:14 am)

Financial Impact Britannia has stated that there is no significant impact on the company's operations, financials or other activities due to the receipt of this order. Next Step of Company Britannia said that the order is appealable. Therefore, it had decided to take the necessary steps, such as using the legal remedies under the GST law.

Also Read

Supreme Court Directs SpiceJet to Deposit Rs. 144.51 Crore; Imposes Cost for Prolonged Litigation

Company's Disclosure Requirement The company made the disclosure to both BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.