Colgate-Palmolive (India) Limited has received order from Odisha GST authority; Nature and details of the action taken /orders Passed: Final Assessment Order under section 73 of the CGST Act & OGST Act; Date of receipt: April 29, 2024; Details of violation/contravention committed or alleged to be committed: The Company has received a GST assessment order for Fiscal Year 2018-19 in the State of Odisha, which has a total demand of INR 975,232 which includes (Tax- INR 486,417 + Interest - INR 440,174 + Penalty - INR 48,641). The demand is mainly on account alleged excess Input GST claimed in GSTR 3B as against what is appearing in GSTR 2A; Impact on financial operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The Company will be filing an appeal before the Commissioner for the same. There is no impact on financial operations or any other activities of the Company due to this order.
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+7.70% | 35.06B | |
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+9.23% | 12.91B |
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