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HomeNewsUnited Spirits faces INR 5.51 Crore tax demand over non-submission of statutory...

United Spirits faces INR 5.51 Crore tax demand over non-submission of statutory forms

United Spirits Ltd has stated that it has received a tax demand of INR 5.51 crore, including interest, for the non-submission of certain statutory declaration forms and delivery proofs. According to a regulatory filing, the Deputy Commissioner of State Tax in Nanded has imposed this demand on the company for its failure to submit specific statutory declaration forms and delivery proofs related to Pioneer Distilleries Ltd. United Spirits Ltd. and Pioneer Distilleries Ltd. amalgamated on December 30, 2023.

The demand amount totals INR 5.51 crore, which includes an interest component of INR 2.99 crore, the company added.

Continue Exploring: United Spirits hit with INR 4.47 Crore tax demand by Maharashtra State Authorities

United Spirits stated, “The company plans to challenge the issue by submitting a rectification application or appeal to higher authorities.”

Based on its risk-assessment process, the company stated, “It believes it has a strong case and anticipates no significant financial impact.”

Continue Exploring: Tax troubles continue for Zomato as INR 92 Cr demand notice adds to mounting woes

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