Zydus Lifesciences has received a favourable order from the Adjudication Authority in Gandhinagar, successfully resulting in the reversal of a Rs. 41.77 million GST demand. The order relates to the financial year 2019-20. The company has clarified that this development is not considered material, but is being disclosed as part of their commitment to good governance and transparency.
Favourable Resolution of Tax Matter
Zydus Lifesciences has announced a positive outcome regarding a long-standing tax issue. The company received a formal order dated March 24, 2026, from the Adjudication Authority, Gandhinagar, which confirms the dropping of a GST demand totaling Rs. 41.77 million.
Impact for Financial Year 2019-20
The aforementioned demand pertained to the 2019-20 financial year. With this order, the tax liability in question has been eliminated. While the company maintains that this event does not meet the threshold for material disclosure, the notification serves as part of its ongoing practice of voluntary disclosure to ensure all investors and stakeholders remain informed on fiscal developments.
Source: BSE
