Dabur In Big Trouble, Company Gets GST Demand Notice Of Rs 321 Crore Including Interest, Penalty

New Delhi: FMCG Major Dabur India has recieved GST demand notice of Rs 321 crore including interest and penalty, failing the payment will mean Show Cause Notice for the company.

Breaking News : डाबर कंपनी को 321 करोड़ का GST डिमांड नोटिस मिला, कंपनी टैक्स नोटिस की कर रही समीक्षा. कंपनी ने स्टॉक एक्सचेंज को दी जानकारी. समीक्षा के बाद उचित कदम उठाएगी कंपनी
#BreakingNews #Dabur #Tax #GSTDemand | @priyasi90 pic.twitter.com/GKAluRk6tG

— Zee News (@ZeeNews) October 17, 2023

"The Company has received intimation of tax ascertained as being payable under Section 74(5) of CGST Act, 2017, wherein GST short paid / notpaid amounting to Rs. 3,20,60,53,069/- has been advised to be paid by the Company along with the amount of applicable interest and penalty under Section 74(5) of COST Act, 2017, failing which Show Cause Notice will be issued," company said in a regulatory filing.

Dabur told in the BSE exchange filing that there is no impact on financial, operation or other activities of the Company due to this intimation of tax being payable.

"The Company will challenge the same based on strong merits by way of filing its reply/ submissions, before the relevant authorities. There is no impact on financial, operation or other activities of the Company due to this intimation of tax being payable. The impact will be limited to the extent of final tax liability as may be ascertained alongwith interest and penalty, if any."