Umang Dairies’ Balance Sheet Takes a Hit with ₹63.6 Million Tax Demand

Umang Dairies Ltd., one of the major dairy players, has been served a tax demand order for ₹63.6 million. The order under the Goods and Services Tax (GST) Act emphasizes reported discrepancies in tax payment and input tax credit claims. The move supplements the company's current legal wrangling with tax authorities.

 

Key Points

Tax Demand Details

Background of the Case:

Company's Response:

Broader Context:

In spite of these difficulties, the company maintains its activities in milk processing and producing value-added dairy products under different brands.

 

Sources: Reuters, Marketscreener, Stock Insights AI