Eternal, Zomato’s parent, gets over Rs 40 crore GST demand
Eternal Ltd., the parent company of Zomato, Blinkit, District and Hyperpure, has received tax demand orders from the GST authority amounting to more than Rs 40 crore.
Tag: gst demand
National Fertilizers Limited receives GST demand notice of Rs.94.84 Crores
National Fertilizers Limited informed BSE Limited as a part of SEBI Listing Regulations that they have received GST demand notice for Rs.94.84 Crores from Guntur, GST Office for recovery of refund claimed and penalty on the same.
Britannia gets over ₹25cr tax demand
Britannia Industries on Thursday said it has received an order from the GST authority demanding over Rs.25 crore pertaining to classification of a product sold by it and input tax credit in respect of certain goods.
Bombay High Court grants interim stay on Rs 2,500 crore GST demand against Hindustan Coca-Cola Beverages
The Bombay High Court has granted an interim stay on a GST demand of approximately Rs 2,500 crore against Hindustan Coca-Cola Beverages Private Limited noting the revenue department’s interpretation of the provisions appeared “prima facie incorrect”.
ONGC receives ₹22 crore GST demand order, plans to appeal
State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Monday (March 17) said it has received a Goods and Services Tax (GST) demand order amounting to ₹22 crore from the Joint Commissioner, State Tax, Circle C, Jodhpur, for the period between April 1, 2020, and May 14, 2020.
Maharashtra GST Department Slaps Rs.1,502 Crore Tax Demand Notice On Piramal Enterprises Over Pharma Sale
The state Goods and Services Tax (GST) department has slapped Piramal Enterprises Ltd (PEL) with a tax demand notice amounting to Rs 1,502 crore for alleged short payment, and non-payment of tax along with interest and penalties on the sale of pharma business.
Piramal Enterprises receives GST demand of ₹1,502 crore
Non-bank lender Piramal Enterprises Ltd (PEL) on Friday (February 28) said it has received a ₹1,502-crore demand notice from the GST Department, Maharashtra, for FY2020-21.
Dunkin’, Mad Over Donuts, Among Other Donut And Bakery Chains Face GST Scrutiny Over 18% Tax Demand
At least six major donut and bakery chains, including Dunkin’ Donuts and Mad Over Donuts are under scrutiny from Goods and Services Tax authorities over the classification of their services as authorities argue that these businesses do not qualify as restaurant services, which are taxed at 5% GST, according to people familiar with the matter.
After HDFC Life, insurers brace for Rs 5,500 cr GST demands amid scrutiny
The Indian insurance industry is bracing for extended legal scrutiny from tax authorities after the GST Adjudicating Authority upheld a tax demand of Rs 2,400 crore against HDFC Life Insurance. The ruling, stemming from allegations of wrongful claims on ITC related to agent commissions, could set a precedent that pushes the industry’s total tax liability beyond Rs 5,500 crore, according to a report by The Economic Times.
LIC receives ₹480-crore GST demand for FY21
State-owned insurer Life Insurance Corporation of India (LIC) on Thursday (February 27) said it has received a goods and services tax (GST) demand order from the Deputy Commissioner of State Tax, Mumbai, for the financial year 2020-21. The total demand, including GST, interest, and penalty, amounts to ₹479.88 crore.