FMCG giant Hindustan Unilever Ltd (HUL) has joined the list of firms to receive a GST demand.

The company said in a regulatory filing that it has received GST demand and penalties for a cumulative amount of Rs 447.5 crore from authorities of five states.

HUL added that the “orders are currently appealable” and it will make an assessment. The company received the orders on Friday and Saturday last week.

“The intimation is being submitted on January 1, the first working day after the receipt of the orders,” HUL said.

This includes the demand for tax “on salaries including allowances paid to expats amounting to Rs 372.82 crore and penalty amounting to Rs 39.90 crore” from the joint commissioner, CGST and Central Excise, Mumbai East.

The deputy commissioner of commercial tax officer, Bangalore, issued a demand of tax “on the grounds of excess GST credit availed amounting to Rs 8.90 crore and penalty amounting to Rs 89.08 lakh”.

Similarly, excise and taxation officer, Sonipat, Rohtak, Haryana, issued a demand order “wherein GST credit of Rs 12.94 crore has been disallowed and a penalty of Rs 1.29 crore has been imposed”.

Additional commissioner, central tax and central excise, Kochi Commissionerate has also disallowed GST credit and turnover adjustment amounting to Rs 8.65 crore and imposed a penalty of Rs 87.50 lakh.

The HUL stock, however, reacted negatively to the development and it declined 1.59 per cent to end at Rs 2,613.50 on the BSE.