Various companies across India are getting GST demand notices along with penalty and interest from tax officials. Here are few notables names getting notices from Income Tax department and GST department.
United Spirits
United Spirits Ltd said it has received a tax demand of Rs 5.51 crore, including interest, for non-submission of certain statutory declaration forms, and delivery proofs.
The Deputy Commissioner of State Tax, Nanded, has levied a demand on non-submission of certain statutory declaration forms and delivery proofs in the case of Pioneer Distilleries Ltd, merged with the company with effect from December 30, 2023, United Spirits Ltd said in a regulatory filing.
The quantum of demand is Rs 5.51 crore, including interest of Rs 2.99 crore, it added.
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"The company will be contesting the matter by filing a rectification application or appeal before higher authorities," United Spirits said.
Zomato
Online food delivery platform Zomato said it has received a service tax demand and penalty order aggregating over Rs 184 crore, and will file an appeal against it before an appropriate authority.
The demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India, the company said in a late night regulatory filing.
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Vedanta
ICICI Securities
ICICI Securities on Tuesday said it has received a tax demand of about Rs 66.70 lakh from the Gujarat state GST department.
In a regulatory filing, the brokerage firm said the demand includes demand of GST worth Rs 31.78 lakh, interest of Rs 31.72 lakh and penalty of Rs 3.20 lakh.
The Gujarat GST authority has demanded about Rs 66.70 lakh GST, along with interest and penalty, for alleged excess claim of GST credit.
The company will defend the matter before the appellate authorities and file an appeal against the order before the Commissioner (Appeals).
Shares of ICICI Securities closed at Rs 719.85 apiece, down 0.54 per cent over the previous close on BSE.
Sobha Ltd
Realty firm Sobha Ltd has received demand notices of nearly Rs 46 crore from Income Tax Department.
The notices were issued by Deputy Commissioner of Income Tax, Central Circle- 1(4), Bengaluru. The notices are related to Assessment Year ( AY) 2016-17 and 2022-23.
In a regulatory filing on Monday, Sobha informed that the "company has received demand notices under section 156 of the Income Tax Act, 1961 for Rs 13.12 crore and Rs 32.68 crore related to AY 2016-17 and AY 2022-23 respectively, due to disallowances of certain expenses and other additions."
Sobha said it is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), against the said orders within the prescribed timelines.
"The company has legal and factual grounds to substantiate its case. The company is in the process of evaluating the implications of these orders on the financial statements," Sobha said.
Infosys
Nestle
Nestle India gets tax order for demand at Rs 13 lakh.
Ethos
JK Tyre & Industries
JK Tyre & Industries got tax demand notice for Rs 23.8 million.
SAL Steel
Astron Paper & Board mill gets tax demand notice for Rs 45.9 million.