Britannia Industries has received a GST order from Chennai North Commissionerate demanding ₹108.50 crores in tax with equivalent penalty for alleged incorrect Input Tax Credit availment across six financial years (FY 2018-19 to FY 2023-24). The company states no significant impact on financials or operations and plans to exercise legal remedies as the order is appealable.
Britannia Industries Receives GST Order with ₹108.50 Crore Tax Demand from Chennai North Commissionerate
