ABFRL gets ₹6.9 Cr tax demand, plans appeal

• Aditya Birla Fashion and Retail Ltd (ABFRL) received a demand notice for ₹690.30 lakh.
• The notice, issued by the Joint Commissioner, Kanpur II, Uttar Pradesh, includes tax, interest, and penalty.
• ABFRL plans to appeal the order, believing the demand is not valid under law.
• The demand stems from issues like input tax credit claims, GSTR-1 credit note rejection, and e-way bill matching.
• The company does not anticipate a significant impact on its financials or operations from this order.

Why It Matters: ABFRL hit with ₹6.90 crore tax demand amid regulatory scrutiny.