25-January-2021
Taxation
 
Coca-Cola unit is the latest company to face taxman’s scrutiny for alleged evasion of GST
13-Jan-2021

HCCB is the latest company that has come under the gaze of authorities for alleged tax evasion. A division of the department tasked with collecting goods and services tax (GST) has launched an investigation into the Indian bottling unit of Coca-Cola for alleged evasion of tax, said people familiar with the matter. The probe by the Director General of Goods and Services Tax Intelligence against Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) was opened after tax officials discovered that it had not paid taxes on the promotional and marketing amount it received from its parent, said one person. Another person said HCCB, which makes and bottles beverages at its 15 factories in India, has not paid taxes worth Rs 242 crore, an amount calculated over the past five years. Coca-Cola has more than 15 bottlers in India, but only HCBPL has not paid taxes, this person said.

News Source:- https://www.moneycontrol.com/news/business/coca-cola-unit-is-the-latest-company-to-face-taxmans-scrutiny-for-alleged-evasion-of-gst-6338031.html