United Spirits gets Rs 4.47 cr tax demand from Maharashtra authorities | Company News – Business Standard

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Liquor maker United Spirits, now Diageo India, on Wednesday said it has received a tax demand of Rs 4.47 crore from the Maharashtra state tax authorities for non-submission of statutory declaration forms.

 


The assessment order dated March 5, 2024, is for FY 2018-19 for CST (Central Sales tax) and MVAT (Maharashtra Value Added Tax), the company said in a regulatory filing.

 


The state tax authority has demanded Rs 1.21 crore as MVAT, including a penalty of Rs 1 lakh, and Rs 3.26 crore as CST.

 


“Deputy Commissioner, State Tax has levied demand on non-submission of statutory declaration forms and disallowed an element of input tax credit,” it said.

 


The company said it will be contesting the matter by filing a rectification application or appeal before the higher authorities.


Based on the company’s risk-assessment process, it believes to have a good case and does not expect any material financial implication, it added. 

First Published: Mar 06 2024 | 10:27 PM IST