New Delhi, April 23, 2024.
United Spirits Ltd on Tuesday said excise and taxation authority has raised a VAT demand of Rs 29.69 crore on it after disallowing the benefit of credit notes claimed in the financial year 2020-2021.
The company has received a VAT assessment order from the Excise and Taxation Officer-cum-Assessing Authority, Ward-I, Palwal, Haryana for FY 2020-2021.
A VAT demand for Rs 29.69 crore, including interest of Rs 13.47 crore, has been raised, United Spirits said in a regulatory filing.