Fast-moving consumer goods sector giant Dabur India has received a notice to pay Goods and Services Tax (GST) worth about Rs 321 crore. This amount also includes interest and penalty amount. Dabur India has given this information in a notification sent to the stock exchanges BSE and NSE on Tuesday (October 17).
Dabur India said that this tax notice will not have any impact on its financial health, business or other activities of the company. The company said, 'If any final order of tax liability along with interest and penalty comes in this case, it may have limited impact.'
Dabur also said that it will challenge this order and will strongly present its reply and arguments before the concerned authorities. Let us tell you that the results of the second quarter (July-September) of Dabur India for the financial year 2023-24 will be released on 2 November 2023.
Earlier in the June quarter, the company's net profit had increased by 3.52% on annual basis to Rs 456.61 crore. The total income of the company increased by 10.85% to Rs 3,240.25 crore. On quarterly basis, a growth of 15.78% was recorded in the total income of the company.
Shares of Dabur India closed at Rs 540.20 with a rise of 0.61% on Tuesday. The company's shares have fallen by 4.50% in the last one month. Since the beginning of this year till now, the price of the company's shares has come down by 3.80%.