Maxcure Nutravedics, a wholly-owned subsidiary of Akums Drugs & Pharmaceuticals Ltd, has received a penalty order of INR 17.9 million from the Deputy Commissioner of State Tax, Gujrat. The penalty was imposed due to an incorrect shipping address entered in the invoice and e-way bill for October 2025. The order was issued on December 12, 2025, and received on December 15, 2025.
Details of the Penalty
Akums Drugs & Pharmaceuticals Ltd informs that its subsidiary, Maxcure Nutravedics, received a penalty order from the Office of the Deputy Commissioner of State Tax, Gujrat. The details of this order were officially communicated on December 15, 2025.
Reason for the Penalty
The penalty of INR 17,955,000 has been imposed because the shipping address was mistakenly entered incorrectly in the invoice and e-way bill during October 2025. The order was issued under Section 129(3) of the CGST Act, 2017, on December 12, 2025.
Financial Impact
The penalty amount of INR 17.9 million is considered immaterial to the overall financial operations of Akums Drugs & Pharmaceuticals Ltd. This matter has been disclosed as per regulatory requirements, even though the financial impact is not substantial.
Source: BSE
