Hindustan Unilever Limited has received the Demand Order under Section 73 of the CGST/DGST Act, 2017 wherein GST credit amounting to INR 3,68,93,311 has been disallowed and penalty amounting to INR 36,89,333 has been imposed. The Company has received the Demand Order under Section 73 of the CGST/DGST Act, 2017 wherein GST credit amounting to INR 1,10,56,977 has been disallowed and penalty amounting to INR 11,05,697 has been imposed. The Company has received the Demand Order under Section 73 of the BGST/CGST Act 2017 & read with Section 20 of the IGST Act, 2017 wherein GST credit amounting to INR 1,24,90,603 has been disallowed and penalty amounting to INR 12,48,460 has been imposed.

There is no material impact on financial, no impact on operation or other activities of the Company due to the intimation of tax payable. The Orders are currently appealable & the company will make an assessment to exercise right to appeal.