Britannia Industries Receives GST Order with ₹108.50 Crore Tax Demand
Britannia Industries disclosed receiving a GST order from Chennai North Commissionerate demanding ₹108.50 crores in tax with equivalent penalty for alleged incorrect Input Tax Credit availment across six financial years. The company stated no significant impact on operations and confirmed plans to appeal the order, while shares closed down 0.53% at ₹5,999.00.

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Britannia Industries has informed stock exchanges about receiving a substantial GST order from the Chennai North Commissionerate, demanding ₹108.50 crores in tax along with equivalent penalty. The company disclosed this development through a regulatory filing on January 1, pursuant to SEBI Listing Regulations.
GST Order Details
The order was issued by the Additional Commissioner of CGST & Central Excise, Chennai North Commissionerate, under Section 74 of the Central Goods and Services Tax Act, 2017. The company received the order through a system-generated email on December 31, 2025, at 10:28 PM IST after it was uploaded on the GST Portal.
| Parameter: | Details |
|---|---|
| Tax Demand: | ₹108.50 crores |
| Penalty: | Equivalent to tax demand |
| Period Covered: | FY 2018-19 to FY 2023-24 (6 years) |
| Nature of Allegation: | Incorrect availment of Input Tax Credit |
| Additional Charges: | Applicable interest |
Alleged Violations
The GST order spans six financial years from FY 2018-19 till FY 2023-24, with authorities alleging incorrect availment of Input Tax Credit. The total tax demanded amounts to ₹108.50 crores, accompanied by an equivalent penalty and applicable interest charges.
Company's Response and Market Impact
Britannia Industries has stated that the order will not significantly impact the company's financials, operations, or other activities. The company emphasized that the order is appealable and confirmed its intention to take necessary actions, including exercising legal remedies available under GST law.
| Impact Assessment: | Company Statement |
|---|---|
| Financial Impact: | No significant impact |
| Operational Impact: | No significant impact |
| Legal Action: | Will exercise available remedies |
| Order Status: | Appealable |
| Stock Performance: | Closed at ₹5,999.00, down 0.53% |
Shares of Britannia Industries ended at ₹5,999.00, declining by ₹32.00 or 0.53% on the trading session following the disclosure.
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The intimation was signed by T. V. Thulsidass, Company Secretary of Britannia Industries Limited. The company has requested stock exchanges to take the information on record as part of its regulatory obligations.
Historical Stock Returns for Britannia Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.36% | -0.34% | +2.80% | +2.71% | +26.18% | +68.03% |
















































