Tax & Penalty9 Nov 2026, 10:40 pm
Sula Vineyards Faces ₹1.54 Cr GST Demand with Appeal Planned
AI Summary
Sula Vineyards Ltd has received an Order-in-Original from the CGST & Central Excise authorities confirming a differential GST demand of ₹1,54,34,022 (₹1.54 Crore) for FY 2022-23. The authority alleges the company discharged GST at 5% on restaurant services instead of the applicable 18%. A penalty of ₹15,43,402 (₹15.43 Lacs) has also been imposed, along with applicable interest. The company disagrees with the findings and plans to file an appeal against the order.
Key Highlights
- GST demand of ₹1.54 Crore issued for FY 2022-23.
- Alleged short payment on restaurant services GST rate.
- Penalty of ₹15.43 Lacs imposed.
- Company plans to appeal the Order-in-Original.
- Interest on differential tax also applicable.
Price Impact
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