Patanjali Foods hit with ₹1,353 cr GST demand for FY23 from Chennai authorities
Chennai tax authorities slapped Patanjali Foods with a ₹1,352.9 crore GST demand for FY23, citing turnover and TDS discrepancies. The notice splits ₹676.46 cr each in SGST and CGST plus ₹135.29 cr penalty. Company will contest, sees no financial liability. Shares fell 2.52% to ₹454.
Patanjali Foods received a ₹1,353 crore GST demand notice for FY23 from Chennai tax authorities over alleged turnover and TDS discrepancies. Company plans to contest, expects no financial liability. Shares fell 2.52% to ₹454.