Liquor maker United Spirits, now Diageo India, on Wednesday said it has received a tax demand of INR 4.47 crore from the Maharashtra state tax authorities for non-submission of statutory declaration forms. The assessment order dated March 5, 2024, is for FY 2018-19 for CST (Central Sales tax) and MVAT (Maharashtra Value Added Tax), the company said in a regulatory filing.
The state tax authority has demanded INR 1.21 crore as MVAT, including a penalty of INR 1 lakh, and INR 3.26 crore as CST.
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“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 company said it will be contesting the matter by filing a rectification application or appeal before the higher authorities.
Based on the company’s risk-assessment process, it believes to have a good case and does not expect any material financial implication, it added.
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