Dabur stated it’ll haven’t any affect on the monetary, operation or different actions of the corporate.
The Company has obtained intimation of tax ascertained as being payable below Section 74(5) of CGST Act, 2017
Homegrown FMCG and Ayurvedic merchandise maker Dabur on Tuesday stated it has obtained a Goods and Service Tax (GST) demand discover of Rs 320.60 crore. The firm will problem the identical primarily based on sturdy deserves by submitting its reply earlier than the related authorities, Dabur India stated in a regulatory submitting.
“The Company has received intimation of tax ascertained as being payable under Section 74(5) of CGST Act, 2017, wherein GST short paid / not paid amounting to Rs 320.60 crore has been advised to be paid by the Company along with the amount of applicable interest and penalty… failing which Show Cause Notice will be issued,” Dabur knowledgeable.
However, the corporate — which owns energy manufacturers like Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara, and Dabur Lal Tail — stated it’ll have “no impact on the financial, operation or other activities of the company.
“The impact will be limited to the extent of final tax liability as may be ascertained along with interest and penalty, if any,” it added.
Shares of Dabur India on Tuesday settled at Rs 540.05 on BSE, up 0.55 per cent.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
