Patanjali Foods hit with Rs 1,353 cr GST demand over FY23 turnover anomalies
Chennai tax authorities have served Patanjali Foods a show-cause notice seeking Rs 1,353 crore plus Rs 135.29 crore penalty over alleged FY2022-23 turnover discrepancies. Company plans to contest and sees no financial liability. Stock already down 20% over six months; Q4 results due May 30.
Patanjali Foods received a GST show-cause notice from Chennai tax authorities seeking Rs 1,353 crore plus Rs 135 crore penalty over alleged FY23 turnover anomalies. Company plans to contest, sees no financial liability yet. Q4 results due May 30.