GST authorities slap Rs 6.37 cr  demand notice on Britannia

Key Highlights

• “The tax and penalty quantified in the order amount to Rs 2,12,40,000 and Rs 4,24,80,000 respectively, totalling to a demand of Rs 6,37,20,000 in addition to the applicable interest,” Britannia said.
• However, this will have ” no material impact on the financials, operations or other activities” of the company, said Britannia, which owns popular brands such as  Good Day, Tiger, NutriChoice and MarieGold.
• “The order is appealable and the company shall take necessary actions, including exercising the legal remedies available under the GST law,” said Britannia Industries.
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