New Delhi, Mar 6 (PTI) Liquor maker United Spirits, now Diageo India, on Wednesday said it has received a tax demand of Rs 4.47 crore from the Maharashtra state tax authorities for non-submission of statutory declaration forms.

The assessment order dated March 5, 2024, is for FY 2018-19 for CST (Central Sales tax) and MVAT (Maharashtra Value Added Tax), the company said in a regulatory filing.

Also Read | Gender Disparity: Only 1.6% of Companies Listed in Fortune India 500 Led by Women, Study Shows.

The state tax authority has demanded Rs 1.21 crore as MVAT, including a penalty of Rs 1 lakh, and Rs 3.26 crore as CST.

"Deputy Commissioner, State Tax has levied demand on non-submission of statutory declaration forms and disallowed an element of input tax credit," it said.

Also Read | BPSC Recruitment 2024: Vacancies Notified For Over 46,000 Posts on bpsc.bih.nic.in, Know How to Apply.

The company said it will be contesting the matter by filing a rectification application or appeal before the higher authorities.

Based on the company's risk-assessment process, it believes to have a good case and does not expect any material financial implication, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)