Britannia Industries gets GST order demanding ₹109 crore for FY19–FY24

Bakery food company Britannia Industries Ltd on Thursday (January 1) said that it has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate, Tamil Nadu.

The order has been issued by the Additional Commissioner of CGST & Central Excise, Chennai North Commissionerate, and relates to an amount ascertained as payable under Section 74 of the Central Goods and Services Tax Act, 2017.

According to the disclosure, the order covers six financial years from FY 2018–19 to FY 2023–24 and alleges incorrect availment of input tax credit. The tax demanded amounts to ₹108.50 crore, along with an equivalent penalty, in addition to applicable interest.

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The order was uploaded on the GST portal and was received by the company through a system-generated email on December 31, 2025, at 10:28 pm IST.

Britannia Industries said there is no significant impact on its financials, operations or other activities arising from the order. The company added that the order is appealable and that it will take necessary actions, including exercising legal remedies available under the GST law.

Shares of Britannia Industries Ltd

ended at ₹5,999.00, down by ₹32.00, or 0.53%, on the BSE.

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