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Britannia Industries Ltd ( (IN:BRITANNIA) ) has shared an announcement.
Britannia Industries Ltd has disclosed that it received an order from the Assistant Commissioner of GST & Central Excise, Bhubaneswar-II division, concerning alleged incorrect availment of input tax credit for the financial year 2019-20 under Section 74 of the Central Goods and Services Tax Act, 2017. The order quantifies a tax demand of Rs 24.30 lakh and an equal penalty, bringing the total claimed amount to about Rs 48.60 lakh, which the company emphasised is not material to its financials, operations or other activities, and it plans to contest the order by pursuing available legal remedies under GST law.
More about Britannia Industries Ltd
Britannia Industries Ltd is a leading Indian fast-moving consumer goods company best known for its biscuits, bakery products and dairy offerings, catering to mass-market consumers across India and various international markets.
Average Trading Volume: 21,185
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1455.6B INR
For detailed information about BRITANNIA stock, go to TipRanks’ Stock Analysis page.