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Ramdev-led Patanjali Ayurved Group firm, which is mainly into the edible oil business, has received the notice from the Directorate General of GST Intelligence, Chandigarh Zonal Unit
Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it
India News: NEW DELHI: Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit .
Patanjali Ayurved Limited, which is owned by Baba Ramdev, is planning to sell its non-food business, which includes products like toothpaste, oil, soap, and shampoo.
The board also authorised officials to carry out due diligence, appoint professionals, negotiate the terms and conditions of the proposal, and report the findings to the Audit Committee and the board for further consideration. To strengthen its product portfolio, Patanjali Foods acquired the biscuits business of Patanjali Natural Biscuits Pvt Ltd for Rs 60.03 crore in May 2021.