
Legal13 Jun 2026, 06:51 pm
Patanjali Foods GST Proceedings Dropped
AI Summary
Patanjali Foods Limited announced that GST proceedings initiated by the Assistant Commissioner (ST), Royapuram (C) Assessment Circle, Chennai have been dropped. The company had received a show cause notice on May 25, 2026, alleging discrepancies in GST returns for FY 2022-23, with a demand of ₹1352,92,49,106 plus interest. Patanjali Foods submitted a reply, which was found acceptable by the authority. The authority acknowledged no short payment of tax and rectified an error, thereby dropping the proposed demand. The matter is now closed with no financial impact on the company.
Key Highlights
- GST proceedings against Patanjali Foods have been dropped.
- The company's reply to the show cause notice was accepted.
- No financial impact is expected from the concluded proceedings.
- The matter pertains to alleged GST discrepancies for FY 2022-23.
Price Impact
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