Speciality Restaurants Legal & Regulatory
Speciality Restaurants received a tax demand notice of ₹1.80 Crore regarding short tax payments and irregular Input Tax Credit claims for FY2021-22 to FY2023-24.
- Value
- ₹1.80 Cr
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Speciality Restaurants received a tax demand notice of ₹1.80 Crore regarding short tax payments and irregular Input Tax Credit claims for FY2021-22 to FY2023-24.
Speciality Restaurants' petitions regarding Tamil Nadu VAT levy were dismissed by the Tribunal. The company had already deposited ₹1.72 Crore; no new cash flow impact arises.
Speciality Restaurants won a legal appeal as CESTAT set aside a Rs.7.87 crore service tax demand. The tribunal ruled in favor of the company regarding CENVAT credits.