Bayer CropScience has disclosed receiving an order from the Central GST Authority in Ahmedabad imposing a penalty of Rs. 11.87 Million. This assessment relates to the Goods and Services Tax (GST) liability concerning outward supplies made during the Financial Year 2019-20. The company confirms that the order is appealable, and a review will be conducted to determine the next course of action regarding its right to appeal.
Disclosure of Regulatory Order
Bayer CropScience Limited has issued a mandatory disclosure regarding an administrative order received from the Office of the Assistant Commissioner, Central GST, Division-IV (Narol), Ahmedabad, Gujarat. This notification is made pursuant to regulatory requirements concerning material events impacting the listed entity.
Penalty Details and Financial Impact
The core of the communication concerns an order imposing a penalty amounting to Rs. 11.87 Million. This financial implication pertains specifically to matters of GST on Outward Supply transactions recorded during the Financial Year 2019-20.
The official date of receipt for this directive was March 26, 2026. While the financial impact is quantified at Rs. 11.87 Million for the specified fiscal year, the company noted that this amount does not immediately affect ongoing operations, as the order is currently subject to appeal.
Path Forward
The company has affirmed that the order is appealable under the applicable statutes. Management is currently undertaking a comprehensive assessment to decide whether to exercise the right to appeal the penalty imposed by the tax authorities.
Source: BSE
