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United Spirits gets ₹5.51 Crore tax notice

3 Apr 2024 , 11:44 AM

On Tuesday, United Spirits Ltd. announced that it had been served with a tax demand totaling ₹ 5.51 Crore, inclusive of interest, for failing to submit specific statutory declaration forms and delivery evidence.

According to a regulatory filing from United Spirits Ltd, the Deputy Commissioner of State Tax, Nanded, has demanded that certain statutory declaration forms and delivery proofs be submitted in the case of Pioneer Distilleries Ltd, which merged with the firm on December 30, 2023.

It further stated that the total amount of demand is ₹5.51 Crore, including interest of ₹2.99 Crore.

“The company will be contesting the matter by filing a rectification application or appeal before higher authorities,” said United Spirits.

The company stated that “it believes it has a good case and does not expect any material financial implication” based on its risk-assessment procedure.

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Related Tags

  • Nanded
  • Tax notice
  • United Spirits
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