Highlights
- Hindustan Unilever has received a Demand Order under Section 74 of the Central Goods and Services Tax Act 2017 from the office of the Assistant Commissioner in Patna, Bihar.
- The Demand Order involves a disallowed Goods and Services Tax credit amounting to ₹ 44,87,625 and a corresponding penalty of the same amount.
- Hindustan Unilever plans to challenge the Demand Order before an appropriate appellate forum, emphasizing that the Order is currently appealable.
Hindustan Unilever has received a Demand Order under Section 74 of the CGST Act 2017 & and read with Section 20 of the IGST Act, 2017 from the office of Assistant Commissioner, Patna, West Division, Patna, Bihar.
The Demand Order is received under Section 74 of the CGST Act 2017 & read with Section 20 of the CGST Act, 2017 wherein GST credit amounting to ₹ 44,87,625 has been disallowed and a penalty amounting to ₹. 44,87,625 has been imposed.
The company is likely to challenge the order before an appropriate appellate forum.”The Order is currently appealable & we will make an assessment to exercise our right to appeal,” Hindustan Unilever said in an exchange filing.
The disclosure before the exchange was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
