Abbott India has received a penalty order from GST Tax authorities. The penalty amounts to ₹2,40,46,491/- for the financial years 2018-19, 2019-20, 2021-22, and 2023-24. The order pertains to disallowance of input tax credit. Abbott India believes the demand is not maintainable and intends to file an appeal against the order.
Penalty Order Details
Abbott India has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Mumbai East, imposing a penalty of ₹2,40,46,491/-.
Financial Years Involved
The penalty relates to the financial years 2018-19, 2019-20, 2021-22, and 2023-24.
Reason for Penalty
The penalty has been imposed due to the disallowance of Input Tax Credit.
Company’s Stance
Abbott India does not believe this demand is maintainable. The company is in the process of filing an appeal against the order. The company believes that there is no material impact on the financials, operations or other activities of the Company
The receipt date of the order is December 30, 2025
Source: BSE
