Devyani International Limited disclosed receiving a ₹5.42 million GST demand order from Karnataka tax authorities under Section 74 of the Central GST Act, 2017. The demand covers FY 2018-19 to FY 2022-23 period and relates to alleged Input Tax Credit violations, comprising ₹1.51 million in tax and ₹3.91 million in penalties. The company states no material impact on operations and plans to evaluate and appeal the order through appropriate legal channels.
Devyani International receives ₹5.42 Mn GST demand order from Karnataka tax authorities
