Patanjali Foods gets GST show cause notice for Rs 4.07 crore tax demand
PATANJALI · price
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Patanjali Foods received show cause notices from the Uttarakhand State Tax Department alleging wrongful availing of ineligible Input Tax Credit for FY 2022-23. The notices propose a tax demand of Rs 4.07 crore plus a penalty of about Rs 72.56 crore and applicable interest. The company says it does not currently expect any financial liability, believes it has adequate grounds to defend its position, and will file a response through its tax advisors within prescribed timelines.
Matter is at show cause stage, not a final order. Company disputes the claim. Financial impact uncertain until proceedings conclude.