Tax & Penalty12 May 2026, 05:41 pm
United Breweries: Tribunal Reduces ₹275 Cr Tax Demand to Nil
AI Summary
United Breweries Ltd. (UBL) has received a favorable order from the Hon’ble Maharashtra Sales Tax Tribunal, Mumbai, regarding a tax litigation. The dispute originated from an assessment order under the Central Sales Tax Act for FY 2018-2019, initially raising a demand of ₹275 Crores. The company successfully appealed to the First Appellate Authority, reducing the demand to ₹7 Crores. Subsequently, the Tribunal further reduced the demand to NIL, resulting in a reduction in contingent liability for UBL.
Key Highlights
- Maharashtra Sales Tax Tribunal rules in favor of United Breweries.
- Initial tax demand of ₹275 Crores reduced to ₹7 Crores on first appeal.
- Tribunal further reduces the tax demand to NIL.
- The order was received on May 11, 2026.
- The favorable order results in a reduction in contingent liability.