The demand order stems from a 60 percent central sales tax (CST) imposed on debit notes issued by UBL to Telangana State Beverage Corporation (TSBCL), Karnataka State Beverage Corporation (KSBCL), and Andhra Pradesh State Beverage Corporation (APBCL).
United Breweries gets tax demand of over Rs 263 70 cr devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.
People seen crowding wine shops soon after announcement of lockdown
It was the most unexpected tsunami that hit the 460 odd wine shops in Greater Hyderabad in recent times. But, it also brought in a windfall of nothing short of ₹20 crore in flat five hours on Tuesday.
Minutes after the lockdown announcement, a section of people devoted all their energies to buy their choicest liquor. From 3 p.m. to 8 p.m. on Tuesday, it was a mad rush at the liquor outlets in the city. On Wednesday too, people could be seen waiting from 6 a.m. onwards for the wine stores to open.