Britannia Industries Share Price in Focus; Gets GST Order Demanding ₹108.50 Crore for FY19-FY24

Britannia Industries Ltd has received a Goods and Services Tax (GST) order demanding ₹108.50 crore (₹108,50,24,763) for a 6-year period, as per a regulatory filing made on January 1, 2026.  

The order has been issued by the Chennai North Commissionerate of the Central GST and Central Excise department. 

Issuing Authority and Legal Basis 

The order has been passed by the Additional Commissioner of CGST & Central Excise, Chennai North. It has been issued under Section 74 of the Central Goods and Services Tax Act, 2017, which deals with tax short payment or incorrect claims arising from alleged misstatement or suppression. 

Financial Years Covered 

The demand pertains to 6 financial years, starting from FY 2018–19 and ending in FY 2023-24. According to the disclosure, the tax authorities have alleged incorrect availment of input tax credit by the company during this period. 

Amount Involved in the Order 

The tax demand stands at ₹108.50 crore. An equivalent amount has been imposed as penalty under the provisions of the GST Act. In addition, applicable interest has also been levied, as mentioned in the order uploaded on the GST portal. 

Timeline of Communication 

The order was uploaded on the GST portal and was received by Britannia through a system-generated email on December 31, 2025, at 10:28 pm IST. The company subsequently informed the stock exchanges in line with disclosure requirements under the SEBI Listing Regulations. 

Company’s Position on Impact 

Britannia stated that the order does not have any significant impact on its financial position, operations, or other business activities. The company also said that the order is appealable under the GST law and that it will take necessary steps, including availing legal remedies. 

Britannia Industries Share Price Performance  

As of January 2, 2025, 10:59 am, Britannia Industries share price was trading at ₹6,013.50, a 0.067% increase from the previous closing price. 

Read More: Delhi High Court Issues Temporary Ban on Copycat “Little Hearts” Biscuits, Favouring Britannia! 

Conclusion 

The GST order relates to alleged input tax credit issues over multiple years. Britannia has indicated that it will contest the demand through the appellate process while continuing its regular business operations. 

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