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United Breweries Limited received income tax refunds totaling ₹100.83 Crore for Assessment Years 2013-14 and 2020-21. These refunds, including interest, positively impact working capital.
United Breweries Limited reported a pending tax dispute with the Income Tax Department regarding a penalty assessment. The company expects no material financial impact.
United Breweries Limited received income tax penalty orders totaling ₹54.83 Crore for various assessment years. The company plans to contest these demands through legal remedies.
UBL received a favorable High Court order dismissing a ₹21.92 crore service tax demand, reducing the company's contingent tax liability to nil.
United Breweries received a Rs.116.25 Crore penalty demand from Punjab's Market Committee Patiala regarding barley fees. The company intends to challenge this assessment legally.
United Breweries received a Rs.11.63 Cr demand notice for market fees and penalties. The company plans to challenge the order, citing it as arbitrary and legally incorrect.
United Breweries Limited received a favourable tribunal order eliminating a ₹275 Crore tax demand for FY 2018-19. The demand was reduced to nil, improving financial outlook.
United Breweries Ltd received a favourable order from the GST Commissioner (Appeals), Bihar, reducing a prior penalty to ₹1,85,878 (₹0.19 Crore). The order grants substantial relief from an original demand of ₹29,00,048. The company intends to appeal the residual demand before the GST Appellate Tribunal.