Archive · 26 Sep 2025
Sula Vineyards Receives ₹6.45 Crore Tax Demand for FY23
Sula Vineyards, a wine company, was asked to pay ₹6.45 crore in taxes for the year 2022-23.
The government wants the money because the company didn't have the right paperwork.
The tax order came from the tax office in Nashik.
This includes ₹3.57 crore for missing forms and ₹2.88 crore in interest.
The company says this won't cause any immediate financial problems.
Sula plans to challenge the tax demand by filing an appeal.
The company's revenue for Q1 FY25 decreased.
However, tourism at their resorts is doing well.
Sula Vineyards received a ₹6.45 crore tax demand order for FY23.
The order was issued by the Deputy Commissioner of State Tax, Nashik.
The tax demand is due to the non-availability of F-Forms and C-Forms.
Sula Vineyards will file an appeal against the assessment order.
Company's consolidated net revenue fell 7.9% YoY to ₹118.3 crore in Q1 FY25.
- Who
- Sula Vineyards Limited
- What
- Received a tax demand order.
- When
- September 25, 2025 (order issued)
- Where
- Nashik, India.
- Why
- Due to non-availability of F-Forms and C-Forms.
- Company
- Sula Vineyards Limited
- Tax Demand
- ₹6.45 crore
- Fiscal Year
- 2022-23
- Issuing Authority
- Deputy Commissioner of State Tax, Nashik
- Reason for Demand
- Non-availability of F-Forms and C-Forms
- Appeal
- Company will file a rectification or appeal