Tax & Penalty15 Jul 2026, 05:10 pm
Nestle India Receives Tax Re-assessment Order of ₹6.66 Cr
AI Summary
Nestle India Ltd has received a re-assessment order from the Superintendent of Taxes, Tripura, demanding ₹6,66,67,987.08. This includes a VAT demand of ₹3,41,01,270/-, applicable interest of ₹2,91,56,585.88, and a penalty of ₹34,10,127/-. The company stated that this order has no material impact on its financials or operations. Nestle India plans to explore options to challenge the order.
Key Highlights
- Nestle India received a tax re-assessment order from Tripura authorities.
- Total demand includes VAT, interest, and penalty amounting to ₹6.66 Cr.
- Company states no material financial or operational impact.
- Nestle India intends to challenge the tax order.
Price Impact
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