Dabur India on Tuesday became the latest entrant to the steadily expanding list of companies receiving tax notices, with a GST demand of over Rs 320 crore, a charge that the consumer goods company said it will challenge before the relevant authorities. Over the last few months, companies in sectors ranging from fast-moving consumer goods to automobiles to mattresses makers and insurance companies have received a spate of show cause-cum-demand notices from the Goods and Services Tax (GST) authorities for issues relating to “short payment” of taxes, “wrongful availment” of credit and mismatch of details in their returns dating back to 2017-18.
Insurance companies such as LIC, Bajaj Allianz, ICICI Prudential, ICICI Lombard, Star Health and Allied Insurance along with other companies such as Maruti Suzuki, Akzo Nobel, Sheela Foam are among those that have received GST show cause notices in the last few months. This is in addition to the notices being sent to various online gaming companies and casinos for alleged underpayment of GST.
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