Aditya Birla Fashion and Retail Limited (ABFRL) has received a demand order dated December 9, 2025, from the Joint Commissioner, Corporate Circle, Kanpur II, Uttar Pradesh, totaling ₹6,90,30,149. The company intends to appeal the order, believing the demand is not tenable. There is no anticipated impact on financials, operations, or other company activities.
Details of Demand Order
Aditya Birla Fashion and Retail Limited (ABFRL) has received a demand order from the Joint Commissioner, Corporate Circle, Kanpur II, Uttar Pradesh on December 9, 2025. The total demand, including tax, interest, and penalty, amounts to ₹6,90,30,149.
Breakdown of Demand
The demand order includes the following components:
- Tax: ₹3,73,06,615
- Interest: ₹2,79,92,872
- Penalty: ₹37,30,662
Grounds for the Demand
The demand order arises from scrutiny proceedings. The issues raised include:
- Denial of input tax credit due to vendor defaults.
- Disallowance of Credit Note disclosed in GSTR-1.
- Discrepancies in other income and expenses as per the Annual Balance Sheet.
- E-waybill reconciliation issues.
- Differences in Trade Payable as per the Balance sheet.
Company Response
ABFRL maintains that the demand is not justifiable under the law and plans to file an appeal against the order. The company reports that there will be no impact on its financials or operations due to this order.
Source: BSE