Dabur India’s widespread Hajmola sweet is beneath probe by the Directorate Common of GST Intelligence (DGGI).
In accordance with a CNBC-TV18 report, the DGGI’s Coimbatore zone is at present probing whether or not Hajmola sweet must be handled as an ayurvedic drugs, attracting 12 per cent GST, or as a sweet taxed at 18 per cent.
Dabur claimed that Hajmola sweet is an ayurvedic drugs and never a “common sugar-boiled sweet”, the report stated.
HT can’t independently confirm this info.
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Within the pre-GST regime, Dabur had confronted an identical classification problem the place the Supreme Courtroom dominated in its favour, stating that Hajmola sweet is an ayurvedic drugs and never a confectionery merchandise.
Dabur dealing with a tax demand: Report
On April 1, Dabur disclosed an earnings tax reassessment order demanding Rs110.33 crore for the monetary yr 2017-18.
The earnings tax division alleged incorrect claims for tax deductions associated to in-house Analysis and Growth (R&D) and beneath Part 14A of the Revenue-tax Act, 1961, the CNBC-TV18 report added.
Earlier this month, Dabur stated it anticipated its income to say no in March quarter impacted by slowdown in city markets and contraction of 150-175 foundation factors in working revenue margin because of inflation.
In accordance with a PTI report, Dabur added it anticipated its consolidated income to be “flattish” throughout This autumn FY25.
Dabur owns energy manufacturers as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Purple Paste, Actual and Vatika.
Its key worldwide markets, together with the MENA area, Egypt, and Bangladesh, are more likely to submit robust efficiency, resulting in strong double-digit development. Dabur will get practically one-fourth income from worldwide enterprise.
“Nevertheless, because of delayed and truncated winters and slowdown in city markets, India FMCG enterprise is more likely to decline in mid-single digits. Consequently, Dabur’s consolidated income is predicted to be flattish throughout This autumn FY25,” the corporate stated in its newest quarter updates.
(With PTI inputs)
