New Delhi, February 4, 2025 – Dabur India Limited has received a Goods and Services Tax (GST) demand order from the Joint Commissioner, Circle-C, State Tax, Zone Alwar, Rajasthan. The order confirms a total demand of ₹71.99 lakh, comprising ₹21.96 lakh in tax demand, ₹28.05 lakh in interest, and ₹21.96 lakh as a penalty.
Key Details of the GST Demand Order
| Authority | Joint Commissioner, Circle-C, State Tax, Zone Alwar, Rajasthan |
|---|---|
| Nature of Order | GST demand order related to product classification issue for FY 2017-18 |
| Total Demand Amount | ₹71,99,092 |
| Breakdown | Tax: ₹21,96,680 |
| Date of Order | February 4, 2025 |
| Reason for Demand | Alleged misclassification of products under GST rules |
Company Response and Financial Impact
Dabur India has stated that it will challenge the order before the 1st Appellate Authority, citing strong merits in the case. The company has also clarified that there will be no immediate financial or operational impact, and the final liability will be determined based on the outcome of the appeal.Strategic Outlook
While regulatory demands of this nature can cause short-term uncertainties, Dabur India's strong legal stance and planned appeal indicate confidence in resolving the issue favorably. Investors are likely to monitor further developments closely, particularly regarding any final tax liabilities.This disclosure aligns with SEBI’s (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring transparency for shareholders and stakeholders.