Tax & Penalty23 Oct 2026, 06:00 pm
Hindustan Foods Receives ₹17.15 Lacs Tax Demand Order
AI Summary
Hindustan Foods Ltd has received a demand order dated October 22, 2026, from the Government of Tamil Nadu Commercial Taxes Department for the Financial Year 2022-23. The order, issued under Section 73 of the CGST/SGST Act, 2017, pertains to ineligible Input Tax Credit (ITC) and certain claimed ITC. The total demand amounts to ₹17,14,896 (₹17.15 Lacs), comprising tax and penalty of ₹14,43,996 (₹14.44 Lacs) and interest of ₹2,71,752 (₹2.72 Lacs). The company stated that there is no material impact on its financials, operations, or other activities and is in the process of contesting the order.
Key Highlights
- Received tax demand order for FY 2022-23 amounting to ₹17.15 Lacs.
- Order pertains to ineligible Input Tax Credit (ITC) claims.
- Company is contesting the demand order.
- No material impact on financials or operations reported.
Price Impact
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