United Spirits Faces Rs 5.51 Cr Tax Demand: Details - PTI
Apr 02, 2024 17:31
United Spirits Ltd received a tax demand of Rs 5.51 crore for non-submission of statutory forms and delivery proofs related to Pioneer Distilleries Ltd. The company plans to contest the demand.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Apr 2 (PTI) United Spirits Ltd on Tuesday said it has received a tax demand of Rs 5.51 crore, including interest, for non-submission of certain statutory declaration forms, and delivery proofs.
The Deputy Commissioner of State Tax, Nanded, has levied a demand on non-submission of certain statutory declaration forms and delivery proofs in the case of Pioneer Distilleries Ltd, merged with the company with effect from December 30, 2023, United Spirits Ltd said in a regulatory filing.
The quantum of demand is Rs 5.51 crore, including interest of Rs 2.99 crore, it added.
"The company will be contesting the matter by filing a rectification application or appeal before higher authorities," United Spirits said.
Based on its risk-assessment process, the company said, "It believes it has a good case and does not expect any material financial implication".
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