United Spirits, now Diageo India, said on Wednesday that it had received a tax demand of Rs 4.47 crore from the Maharashtra state tax authorities for failing to submit statutory declaration forms.
The assessment order, dated March 5, 2024, is for the fiscal year 2018-19 for CST (Central Sales Tax) and MVAT (Maharashtra Value Added Tax), the business stated in a regulatory filing.
The state tax department has wanted Rs 1.21 crore for MVAT, including a Rs 1 lakh penalty, and Rs 3.26 crore for CST.
“Deputy Commissioner, State Tax has levied demand on non-submission of statutory declaration forms and disallowed an element of input tax credit,” it said.
The corporation stated that it would challenge the case by submitting a correction application or appeal with higher authorities.
Based on its risk-assessment approach, the business feels it has a strong case and does not anticipate any significant financial consequences, it added.
