United Breweries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
UBL · price
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United Breweries Limited received a favourable order from the GST Commissioner (Appeals) regarding a tax dispute in Bihar. The company had previously received a Demand Order under Section 73 of the BGST Act, 2017, confirming a demand for tax along with a penalty of ₹29,00,048. Following an appeal, the Commissioner (Appeals) granted substantial relief by reducing the penalty to ₹1,85,878. The company plans to file a further appeal before the GST Appellate Tribunal (GSTAT) against the remaining residual demand.
Positive development for the company as the penalty was significantly reduced by approximately 94%, indicating a favourable outcome in the tax dispute. However, the company intends to pursue further appeals against the remaining demand.