₹2,500 Crore GST Demand on Coca Cola: Bombay HC Stays Revenue Proceedings after Noting Infirmity in Undervaluation Claims

The Bombay High Court stayed a ₹2,500 crore GST demand on Coca-Cola, noting infirmity in the undervaluation claims. The court's decision to stay the revenue proceedings indicates its preliminary assessment that there may be issues with the GST department's demand. This provides temporary relief to Coca-Cola while the court examines the case further. The significant amount of the GST demand highlights the complexities and potential disputes in tax assessments for large corporations.