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Aditya Birla Fashion and Retail Limited has reported the receipt of a GST order from the Assistant Commissioner, Kotturpuram Assessment Circle, Chennai, involving a total demand of ₹2.45 crore, broken down into ₹0.77 crore for tax, ₹0.91 crore for interest, and ₹0.77 crore for penalty, all concerning disallowed ITC claims from the financial year 2017-18. The company asserts that the demand lacks merit and anticipates no significant adverse effects on its financials or operations. It is currently assessing appropriate actions to contest this order, indicating a focused approach to regulatory challenges. Watch closely for updates on the outcome of this situation.
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