Zydus Lifesciences Limited has received an Order-In-Original from the Assistant Commissioner of State Tax, Gujarat, pertaining to the financial year 2019-20. The order demands ₹3.28 Crore, including interest and penalty, for the alleged inadmissible availment of Input Tax Credit under the CGST Act, 2017. The Company strongly disputes the claim and intends to file an appeal, expressing confidence in a favourable outcome based on past legal precedents.
Receipt of Tax Assessment Order
Zydus Lifesciences Limited has been served an Order-In-Original by the Assistant Commissioner of State Tax, Gujarat. The communication was officially received on March 24, 2026, at 18:16 p.m.
Nature and Details of the Order
The order was passed under Section 74 of the CGST Act, 2017, concerning the financial year 2019-20. The core issue relates to the alleged inadmissible availment of Input Tax Credit. This demand totals ₹3.28 Crore, which includes applicable interest and penalties.
Company Stance and Financial Impact
The Company asserts that it possesses strong merits regarding this matter and has firmly decided to appeal the order. Management believes that based on past High Court and Supreme Court judgments on similar matters, there is a high probability of achieving a favourable resolution upon appeal. Consequently, management currently assesses that there is no material financial impact on the Company from this interim order.
Source: BSE
