Chocolate firms, bakeries receive notices for alleged GST underpayment

More than a dozen bakery and chocolate companies have been served notices that allege significant underpayment of Goods and Services Tax (GST) from July 2017 to March 2023, according to a report by The Economic Times (ET).The notices by the Directorate General of Goods and Services Tax Intelligence (DGGI) have sparked concerns in the industry. The issue revolves around the GST rate applicable to t…