Britannia Industries has received an order alleging incorrect availment of Input Tax Credit under Section 73 of the GST Act. The total demand, including tax, interest, and penalty, amounts to ₹12,99,284. Britannia Industries has stated that the order is appealable and they will pursue available legal remedies.
GST Order Details
Britannia Industries has received an order under Section 73 of the GST Act alleging incorrect availment of Input Tax Credit. The details of the order are as follows:
Financial Impact
The tax, interest and penalty quantified in the Order amounts to ₹6,96,667, ₹5,32,950 and ₹69,667 respectively, totalling to a demand of ₹12,99,284. According to the company, there is no material impact on the financials, operations or other activities of the Company on account of this Order.
Company Response
Britannia Industries has stated that the order is appealable and the Company will take necessary actions including exercising the legal remedies available under the GST law. The order was received on December 30, 2025.
Source: BSE
