United Spirits on Tuesday stated that it has been served with a tax demand amounting to Rs 5.51 crore, inclusive of interest, due to the non-submission of specific statutory declaration forms and delivery proofs.
The Deputy Commissioner of State Tax, Nanded, imposed this demand concerning the non-submission of said forms and proofs about Pioneer Distilleries, which was amalgamated with United Spirits Ltd effective from 30 December 2023, as disclosed by United Spirits Ltd in a regulatory filing.
The demand comprises Rs 5.51 crore, including interest amounting to Rs 2.99 crore, according to the company’s statement.
United Spirits stated its intention to challenge the demand by either filing a rectification application or appealing before higher authorities.
The company expressed confidence in its position, indicating that it believes it has a strong case and does not anticipate any significant financial repercussions based on its risk-assessment process.
