Tax & Penalty29 May 2026, 04:00 pm
Hindustan Foods Faces ₹19.95 Lakh Tax Demand
AI Summary
Hindustan Foods Ltd received a demand order from the Commercial Taxes Department, Tindivanam, Tamil Nadu, on May 29, 2026, pertaining to FY 2021-22. The order alleges wrongful claim of Input Tax Credit (ITC) amounting to ₹19,95,330, including tax and penalty of ₹14,05,996 and interest of ₹5,89,354. The company is contesting the order and believes it will not have a material impact on its financials or operations.
Key Highlights
- Hindustan Foods received a demand order for ₹19.95 Lakh related to FY22.
- The order pertains to alleged wrongful claim of Input Tax Credit (ITC).
- The demand includes ₹14.06 Lakh in tax and penalty, and ₹5.89 Lakh in interest.
- Hindustan Foods is contesting the order from the Commercial Taxes Department.
- The company anticipates no material impact on its financials or operations.
Price Impact
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