Britannia Industries has received an order from the Assistant Commissioner GST & Central Excise, Bhubaneshwar-II division, concerning an alleged incorrect availment of Input Tax Credit for FY 2018-19. The order quantifies the tax and penalty at Rs. 24,15,018/- each, totaling Rs. 48,30,036/-. The company intends to appeal the order and pursue available legal remedies. According to the company, there is no material impact on the financials or operations.
Order Details
Britannia Industries received an order from the Assistant Commissioner GST & Central Excise, Bhubaneshwar-II division, Bhubaneshwar, concerning an alleged incorrect availment of Input Tax Credit. This was officially received on December 30, 2025.
Financial Impact
The order pertains to FY 2018-19 and quantifies the tax and penalty at Rs. 24,15,018/- and Rs. 24,15,018/- respectively, resulting in a total demand of Rs. 48,30,036/-. The company asserts that there is no material impact on its financials or other operational aspects due to this order.
Company Actions
Britannia Industries intends to appeal the order and will take necessary actions, including exercising legal remedies available under the GST law.
Source: BSE
