Pidilite Industries has received an order from the Joint Commissioner of CGST and Central Excise, Mumbai South, imposing a penalty of Rs. 79,67,910. The penalty relates to tax compliance matters for the period spanning July 1, 2017, to March 31, 2018. The company stated that the order is appealable and it is currently reviewing the document to determine its next legal steps, noting that the incident will not have a material impact on its operations.
Details of the Tax Order
The company received an Order-in-Original dated April 17, 2026, via email from the office of the Joint Commissioner, CGST & C.Ex. Mumbai South. The order mandates a penalty payment of Rs. 79,67,910 under the provisions of the Central Goods and Service Tax Act, 2017. The assessment covers the financial period from July 1, 2017, to March 31, 2018.
Management Response and Financial Impact
Pidilite Industries confirmed that it is currently reviewing the details of the order to evaluate potential legal recourses. The company intends to assess its right to appeal the decision to the highest authority as permitted by law. Management has clarified that there is no material impact on the company’s financials, business operations, or other ongoing activities.
Source: BSE
