It was alleged by the Revenue that Coca Cola had systematically undervalued its goods over the course of seven assessment years
The Bombay High Court recently stayed a Goods and Services Tax (GST) demand of approximately ₹2,500 crore raised against Hindustan Coca-Cola Beverages Pvt. Ltd., observing that the revenue authorities’ interpretation of the statutory provisions in claiming that Coca Cola had undervalued its goods was prima facie flawed. The controversy originated from a show cause notice…
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