United Breweries faces ₹22.5 Crore tax demand for FY22
United Breweries Limited received a tax demand of ₹22.5 crore for FY22 from Maharashtra VAT authorities. The demand includes tax, interest, and penalty for non-submission of declaration forms. UBL believes it has a strong defense and expects minimal financial impact beyond a statutory pre-deposit.
The tax demand is substantial, but the company's assertion of a strong defense and minimal expected financial impact mitigates the immediate impact.
The company received a significant tax demand but also expressed confidence in its ability to defend the case with minimal financial impact, making the sentiment neutral.
United Breweries Limited (UBL) has received an order from the Deputy Commissioner of State Tax, Maharashtra State VAT Department, concerning a tax demand for the Financial Year 2021-22. The demand, amounting to ₹22,50,12,884, includes an additional tax of ₹9,65,72,053, interest of ₹10,42,97,818, and a penalty of ₹2,41,43,013.
The dispute arises from the non-submission of declaration forms in C & F for concessional tax rates. The order was passed under Section 9(2) of the Central Sales Tax Act, 1956. The company received this order on April 01, 2026, following an order dated March 30, 2026.
Despite the significant demand, UBL believes it has a strong case to defend the issue before the relevant appellate authority. The company stated that it does not expect any substantial financial impact, other than a minimal statutory pre-deposit required at the time of appeal admission.
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