Britannia Industries has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate. The order, pertaining to Section 74 of the GST Act, involves an incorrect availment of Input Tax Credit for 6 Financial Years (FY 2018-19 to FY 2023-24). The tax demanded amounts to Rs. 108,50,24,763/-, along with applicable penalties and interest. The company intends to appeal the order.
Details of GST Order
Britannia Industries has been notified about a GST order received from the Chennai North Commissionerate regarding discrepancies related to Input Tax Credit. The order was officially received on December 31, 2025.
Financial Impact
The order indicates a tax demand of Rs. 108,50,24,763/- due to an alleged incorrect availment of Input Tax Credit over a period of 6 Financial Years, from FY 2018-19 to FY 2023-24. This amount includes potential penalties and interest.
Company Response
Britannia Industries has stated that there is no significant impact on the company’s financials, operations, or other activities as a result of this order. The company intends to appeal the order and will take all necessary actions to utilize available legal remedies under the GST law.
Source: BSE
