Dabur India’s common Hajmola sweet is underneath probe by the Directorate Basic of GST Intelligence (DGGI).
Within the pre-GST regime, Dabur had confronted the same classification problem the place the Supreme Courtroom dominated in its favour, stating that Hajmola sweet is an ayurvedic drugs and never a confectionery merchandise.(Mint File)
In line with a CNBC-TV18 report, the DGGI’s Coimbatore zone is at present probing whether or not Hajmola sweet needs to 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 “regular sugar-boiled candy”, the report mentioned.
HT can’t independently confirm this data.
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Within the pre-GST regime, Dabur had confronted the same 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 12 months 2017-18.
The earnings tax division alleged incorrect claims for tax deductions associated to in-house Analysis and Growth (R&D) and underneath Part 14A of the Earnings-tax Act, 1961, the CNBC-TV18 report added.
Earlier this month, Dabur mentioned 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 attributable to inflation.
In line 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 Crimson Paste, Actual and Vatika.
Its key worldwide markets, together with the MENA area, Egypt, and Bangladesh, are prone to submit sturdy efficiency, resulting in strong double-digit development. Dabur will get practically one-fourth income from worldwide enterprise.
“However, due to delayed and truncated winters and slowdown in urban markets, India FMCG business is likely to decline in mid-single digits. As a result, Dabur’s consolidated revenue is expected to be flattish during Q4 FY25,” the corporate mentioned in its newest quarter updates.
(With PTI inputs)