Tax & Penalty18 Aug 2026, 03:51 pm
Balmer Lawrie Faces ₹18.28 Cr Tax, Interest, Penalty Demand
AI Summary
Balmer Lawrie & Company Ltd has received a demand order from the GST department for FY 2020-21, totaling ₹18.28 crore. This includes ₹8.81 crore in tax, ₹8.59 crore in interest, and ₹0.88 crore in penalty. The demand arises from alleged short declaration of outward supplies in GSTR-3B versus GSTR-1 and discrepancies related to reverse charge mechanism (RCM). The company is reviewing the order and evaluating further legal remedies, stating that it is not expected to materially impact operations.
Key Highlights
- GST demand of ₹18.28 crore issued for FY 2020-21.
- Demand comprises tax, interest, and penalty components.
- Allegations relate to outward supply declarations and RCM differences.
- Company is assessing legal options and impact on operations.
Price Impact
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