Announced Wed, 15 Jul · 17:09 IST
Tripura tax reassessment order, demand of about Rs 6.66 crore
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AI summary
Nestlé India received a re-assessment order from the Superintendent of Taxes in Agartala, Tripura under the Tripura VAT Act and CST Act. The order demands VAT of Rs 3.41 crore, interest of Rs 2.92 crore, and penalty of Rs 0.34 crore, totaling about Rs 6.66 crore. The company states there is no material impact on financials or operations and plans to challenge the order. Order received on 14 July 2026.
Likely market impact
Company says no material financial impact; will challenge the order. Total demand is about Rs 6.66 crore.