Dabur receives Rs 320.60 crore GST demand notice

18 Oct 2023 , 10:26 AM

Dabur India has received notification of tax determined to be required under Section 74(5) of the CGST Act, 2017, whereby the business has been recommended to pay GST short-paid or not-paid equivalent to Rs. 320.6 crore.

The company is recommended to make up the difference by paying the prescribed sum plus interest and penalties. Failure to resolve this may result in the issue of a show cause notice, according to a regulatory filing by the business.

Dabur intends to challenge the GST disparity claim on legitimate grounds, submitting its response and proof to the relevant authorities. This tax payment notification has no impact on the company’s financial or operational operations; any consequences will only apply to the final determined tax amount, including any potential interest and penalties.

The company just announced the successful completion of one of the largest and most complex cloud migrations in the industry.

This move was made to increase Dabur’s business resiliency and control over its IT operations. This change is anticipated to improve services for retailers, staff, partners, and customers. Dabur guarantees 360-degree control across all of its processes by using a cloud-only approach, resulting in increased efficiency, transparency, and agility.

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