Hindustan Foods Limited Receives Demand Order from Tamil Nadu Commercial Taxes Department
Hindustan Foods Limited has received a demand order from the Commercial Taxes Department - Tindivanam, Tamil Nadu, concerning the financial year 2021-22. The department issued the order on May 29, 2026.The demand pertains to an alleged wrongful claim of Input Tax Credit (ITC) by the company. Under Rule 86A(a) and (c) of the CGST/SGST Act, 2017, the department has mandated a total aggregate demand amounting to Rs. 19,95,330 /- (Rupees Nineteen Lakhs Ninety- Five Thousand Three Hundred and Thirty Only).
The total demand is broken down across tax, penalty, and interest components.
| Component | Amount (INR) | Details |
|---|---|---|
| Total Aggregate Demand | Rs. 19,95,330 /- | (Rupees Nineteen Lakhs Ninety- Five Thousand Three Hundred and Thirty Only) |
| Tax and Penalty | Rs. 14,05,996/- | (Rupees Fourteen Lakhs Five Thousand Nine Hundred and Ninety-Six Only) |
| Interest | Rs. 5,89,354 /- | (Rupees Five Lakhs Eighty-Nine Thousand Three Hundred and Fifty-Four Only) |
The company stated that there is no material impact on its financials, operations, or other activities, as it is currently in the process of contesting the received order.
HNDFDS Stock Price Movement
Today, Hindustan Foods Limited shares slipped by 3.16% to settle at ₹518.75. The stock traded today on a total volume of 41,488 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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