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, […]
Online food delivery platform Zomato has disclosed that it is facing a service tax demand and penalty order totaling over Rs 184 crore. In response, the company intends to file an appeal against the order before the appropriate authority. The demand pertains to non-payment of service tax covering the period from October 2014 to June […]
Italy’s AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a total of 7 million euros ($7.5 million) for misleading advertising concerning heated tobacco products. BAT faces a 6 million euro fine, while Amazon’s penalty is 1 million euros. The fines were imposed due to insufficient information provided to consumers about the nicotine […]
Hindustan Unilever, the FMCG manufacturer has announced that it has received Goods and Services Tax (GST) demands and penalties totalling Rs 447.5 crore from the authorities. The company has received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to […]
Asian Paints revealed a tax demand of Rs 13.83 crore, accompanied by a penalty of Rs 1.38 crore, from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. Under the Central Goods and Services Tax Act, 2017, and corresponding regulations, the demand pertains to the additional tax on outward supplies and disallowance of Input Tax […]
Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]
