Dabur gets GST tax demand notice of Rs 321 crore, along with interest and penalty

Homegrown fast-moving consumer goods (FMCG) major Dabur India gets a notice to pay Goods and Services Tax (GST) of Rs 321 crore, along with interest and penalty, the company informed the exchanges on Tuesday, October 17.

The FMCG giant said that there will be no impact on financial, operation or other activities of the company due to this intimation of tax being payable. "The impact will be limited to the extent of final tax liability as may be ascertained along with interest and penalty, if any," it said.

"The company has received intimation of tax ascertained as being payable...wherein GST short paid / notpaid amounting to Rs 3,20,60,53,069/- has been advised to be paid by the company along with the amount of applicable interest and penalty," according to the filing.