GST Authorities Issue Rs 6.37 Crore Demand Notice to Britannia Industries

GST authorities have issued a Rs 6.37 crore demand notice to Britannia Industries for alleged incorrect classification of goods supplied between FY 2020-21 and FY 2023-24. The notice, from the Thane CGST office under Section 74 of the GST Act, includes tax and penalty amounts totaling Rs 6.37 crore plus applicable interest. Britannia stated this will not materially affect its financials or operations and plans to challenge the order through legal remedies.