Archive · 1 Jan 2026
Britannia Faces ₹109 Crore GST Demand
Britannia Industries, a big company that makes food like biscuits and bread, has been asked to pay ₹108.50 crore in taxes by the government.
This is because the government says Britannia might have made a mistake in calculating the taxes they should pay.
The government also wants Britannia to pay the same amount as a penalty and some extra money as interest.
This news made Britannia's shares go down a little bit in the stock market.
The problem covers six years, from 2018 to 2024.
Britannia will probably talk to the government to explain their side of the story.
Britannia Industries faces a GST demand of ₹108.50 crore for FY 2018-19 to FY 2023-24.
The demand includes an equivalent penalty and applicable interest.
The allegation involves incorrect availment of input tax credit.
Britannia's shares ended at ₹5,999.00, down 0.53% on the BSE.
The order covers six financial years.
- Who
- Britannia Industries
- What
- GST demand of ₹108.50 crore plus penalty and interest
- When
- FY 2018-19 to FY 2023-24
- Where
- India
- Why
- Alleged incorrect availment of input tax credit
- Company
- Britannia Industries
- Period Covered
- FY 2018-19 to FY 2023-24
- Tax Demanded
- ₹108.50 crore
- Penalty
- Equivalent to tax demanded
- Share Price Change
- ₹5,999.00 (down ₹32.00 or 0.53%)
- Allegation
- Incorrect availment of input tax credit