 "HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment")
FMCG maker Hindustan Unilever has received goods and services tax (GST) demand and penalties totalling Rs 447.5 crore from authorities of five states.
These “orders are currently appealable” and the company will make an assessment for that, according to a Monday late night regulatory filing from HUL, which owns brands such as — Lux, Lifebuoy, Surf Excel, Rin, Pond’s and Dove.
The company received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to expats etc on Friday and Saturday last week.
“The orders were received by the company on 30th December, 2023 and 31st December, 2023, respectively and the intimation is being submitted today i.e. 1st January, 2024, being the first working day after receipt of the orders,” said HUL.
This includes the demand for tax “on salaries including allowances paid to expats amounting to Rs 372.82 crore and penalty amounting to Rs 39.90 crore” from the Joint Commissioner, CGST and Central Excise, Mumbai East Besides, Deputy Commissioner of Commercial Tax Officer, Bengaluru has issued a demand of tax “on the grounds of excess GST credit availed amounting to Rs 8.90 crore and penalty amounting to Rs 89.08 lakh”.
Asian Paints gets notices worth Rs 2.07 crore
Asian Paints on Tuesday said it has received three orders for GST demand, totalling Rs 2.07 crore. The three orders related to the availing of “alleged ineligible Input Tax Credit (ITC),” were received on December 30, the leading paints maker said in a regulatory filing.