Britannia gets GST order of about Rs 3.43 crore demand under Section 73

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BRITANNIA · price

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AI summary

Britannia Industries received a GST order from the Deputy Commissioner of State Tax, Mumbai on 18 December 2025 under Section 73 of the CGST Act, alleging incorrect Input Tax Credit claims and classification errors. Total demand of about Rs 3.43 crore includes tax of Rs 1.84 crore, interest of Rs 1.41 crore, and penalty of Rs 0.19 crore. The company states there is no material financial impact and plans to appeal.

Likely market impact

Company says no material impact on financials. Order is appealable and the company will exercise legal remedies under GST law.