Patanjali Foods Receives ₹72.5 Cr Tax Demand Notice

Patanjali Foods Limited has received Show Cause Notices from the Uttarakhand State Tax Department demanding ₹4,07,16,282 in alleged ineligible Input Tax Credit (ITC) and other discrepancies for FY 2022-23. The total proposed demand, including penalties and interest, amounts to ₹72,55,70,769. The company is consulting with tax advisors to submit an appropriate response and believes it has grounds to substantiate its position. As of now, Patanjali Foods does not expect any immediate financial liability, but the final implications are uncertain until proceedings conclude.