Nestle India gets GST order demanding about 1.33 crore rupees in tax and penalty
NESTLEIND · price
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Nestle India has received a GST order from the Assistant Commissioner, Central GST Division, Rudrapur, passed under Section 74 of the CGST Act 2017. The order raises a tax demand of about 66.6 lakh rupees, an equal penalty of 66.6 lakh rupees, plus applicable interest. The company says there is no material impact on its financials, operations, or other activities and that it will explore options to challenge the order.
Order size is small relative to company size, no material financial impact stated. Company plans to contest. Minimal effect on shareholders.