Patanjali Foods receives GST show cause notice for Rs 27.46 crore input tax credit dispute.
Patanjali Foods, a subsidiary of the Patanjali Ayurved Group, has received a show cause notice from the GST Intelligence department over an input tax credit dispute of Rs 27.46 crore. The notice, issued by the Directorate General of GST Intelligence, Chandigarh Zonal Unit, asks the company to explain why they should not be required to recover the said amount. The company plans to defend its case and the expected financial implications of the notice cannot be determined until the proceedings are complete.
April 29, 2024
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