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Aditya Birla Fashion and Retail Limited disclosed that it received a GST-related order from the Joint Commissioner in Kanpur, Uttar Pradesh. The order demands a total of ₹4.81 crore, comprising ₹4.37 crore in tax, a penalty of ₹0.44 crore, with interest not quantified. The demand is a result of input tax credit claims linked to vendor defaults and disallowed credit notes. Importantly, the company believes the order is not legally tenable and plans to file an appeal with the Appellate Authority. This situation may warrant monitoring as the company seeks to resolve the issue without impacting its financial or operational activities significantly.
All announcements from Aditya Birla Fashion and Retail Limited